CA IT Tax-Exempt distributions

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CA IT Tax-Exempt distributions

Postby drake.archer » Fri May 03, 2013 5:52 pm

I recently looked at the distribution for my CA IT Tax-Exempt fund, and noticed that I did not receive the expected dividend. I was hoping someone could give me some insight as to why this is.

I have about 3000 shares of the fund, and according to the most recent dividend of $0.03312 per share (I'm assuming that this is per share), I should have received about $100 (rounding up), but instead I received $77.

I looked at the Taxes and Income webpage and there was nothing indicated. The Tax withholding webpage also does not have information regarding a deduction.

What am I missing?
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Re: CA IT Tax-Exempt distributions

Postby tfb » Fri May 03, 2013 5:55 pm

drake.archer wrote:I have about 3000 shares of the fund, and according to the most recent dividend of $0.03312 per share (I'm assuming that this is per share), I should have received about $100 (rounding up), but instead I received $77.

Dividends accrue daily. Did you have all 3,000 shares since the 1st of the month? Shares purchased during the month will not get the dividends for the full month.
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Re: CA IT Tax-Exempt distributions

Postby drake.archer » Fri May 03, 2013 6:07 pm

Oh ok, factoring that in the numbers make more sense.

Thanks!
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