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.
Not in the manner of Ponzi schemes, but by the even more devilish leaky faucet in which a significant
portion of the returns of the capital markets are diverted away from Main Street investors and into the arms of Wall Street and the insurance companies.
I'll also highlight my Cash allocation's pretty minimal, with the priority on Fixed Income (which is how I basically consider my Alternative Asset Opportunities (TLI: LN) holding) & Event - Driven (essentially, my NTR plc holding... noting, in particular, last week's
announcement of a return of capital / wind - down)-RSB-
The Canada Revenue Agency reassessed his 2013, 2014 and 2015 tax years to deny a portion of the interest deducted, saying the taxpayer was not entitled to deduct interest relating to the returns of capital that had been used for personal purposes, «as the money borrowed in
respect of those returns of capital was no longer being used for the purpose of gaining or producing income.»
Max Life Premium Return Protection Plan is a Term Insurance plan with return of premiums option whereby the policyholder can enjoy comprehensive life cover with the added
benefit of return of capital on maturity thus safeguarding his investments.
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 unrealised appreciation in the Portfolio's assets for the year.
You increase the capital account by the additional contributions and retained earnings and decrease the capital account by the distributions
of return of capital and / or losses.