The fund paid this supplemental distribution to meet the calendar year distribution requirements for regulated investment companies. (franklintempleton.com)
Funds in each structure are generally taxed as corporations and treated as regulated investment companies under Subchapter M of the Internal Revenue Code. (nextshares.com)
The Internal Revenue Service (IRS) requires regulated investment companies to report certain «organizational actions» to shareholders and the IRS, when the organizational action affects the tax basis of your shares. (franklintempleton.com)