Generally, the Portfolio expects that the total amount of any returns of capital made by the Portfolio in any year should not exceed the amount of the net unrealized appreciation in the Portfolio's assets for the year. (cibc.com)
Comprehensive income was considerably lower because of the lesser degree of unrealized appreciation on portfolio holdings. (alephblog.com)
Such wealth creation usually is fully taxed (in a situation where it is hard for the corporation to control timing of taxable events) as compared with, say, unrealized appreciation which is not taxed at all. (mjwhitman.pressbooks.com)