|
|
“Even though they are nominally written in English, the disclosures in some documents that are provided to investors are often so full of legal jargon and boilerplate disclosure that they can actually obscure important information.
”
Christopher Cox, former SEC Chairman, May 3, 2006
|
|
|
|
|
SAMPLE 6 - Re-written by ICS
Your federal income tax treatment will vary depending on the type of distribution you receive from the Fund.
- Not subject to tax. Generally, your dividends will not be subject to federal income tax if they come from interest the Fund earns from tax-exempt securities like municipal bonds.
- Ordinary income. If the Fund distributes net interest income derived from sources other than tax-exempt securities, or distributes short-term capital gains, those amounts will be taxable to you as ordinary income.
- Long-term capital gains. Net long-term capital gain distributions, if any, will be taxable to you as long-term capital gain, regardless of how long you have owned your Fund shares.
Click here for original
|
|
|
|
