13 Oa) OD) Your client has received dividends, interest and capital gains on his mutual fund investments. Which of the f

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13 Oa Od Your Client Has Received Dividends Interest And Capital Gains On His Mutual Fund Investments Which Of The F 1 (16.78 KiB) Viewed 111 times

13 Oa) OD) Your client has received dividends, interest and capital gains on his mutual fund investments. Which of the following statements about income distributions is TRUE? Mutual fund trusts are required by law to distribute all of the realized and unrealized income to unitholders at the end of the year Since mutual fund trusts pay tax on their income, investors holding units of mutual fund trusts are not required to pay any additional tax on distributions Realized capital gains distributed in the form of additional units have no impact on the net asset value (NAV). If realized capital losses are not offsetagainst realized capital gains within three years, such realized capital losses must be passed on to unitholders Oc) OD)