12-21-2012, 12:49 PM
Can one of you explain what the advantage of this is?
One of my main mutual funds just did a capital gain of LT CAPITAL GAIN 4.2345. So the stock has come down to that level and then repurchased stocks at the new level. But of course, the value of the investment has not changed. Yet this is now something I have to pay tax on.
Why do companies do this?
One of my main mutual funds just did a capital gain of LT CAPITAL GAIN 4.2345. So the stock has come down to that level and then repurchased stocks at the new level. But of course, the value of the investment has not changed. Yet this is now something I have to pay tax on.
Why do companies do this?