BlackRock Enhanced Capital and Income Fund, Inc. shares are currently trading -0.56% on the day.
FORBES: This Stock Has A 9.68% Yield, Sells For Less Than Book, and Insiders Have Been Buying
One such company is BlackRock Enhanced Capital and Income Fund, Inc. ( NYSE: CII), which saw buying by Director Michael J.
FORBES: This Stock Has A 9.68% Yield, Sells For Less Than Book, and Insiders Have Been Buying
That means we will probably need to keep the capital gains (vs. ordinary income) rate for hedge fund managers and private equity people.
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So, we just felt that because the fund strives for capital appreciation, as well as income, we found that there was a little bit of misnomer or misunderstanding regarding a fixed dividend payment on a regular basis.
Individuals share proportionately in the fund's income from dividends, interest or capital gains or losses from downturns.
It allows hedge-fund managers to classify much of their income as capital gains, which are taxed at a far lower rate than regular income.
Well, one of the big ones -- one of the big ones is the ability for hedge fund managers and others to pay tax on their income at a capital gains rate.
Because the majority of income earned by a private equity fund is dividends and long-term capital gains both of which are currently subject to a preferential 15% tax rate these service partners can effectively convert what many believe should be ordinary compensation income taxed at 35% into investment income taxed at a mere 15%.
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We really changed the name simply because the fund has three mandates: Capital appreciation, capital preservation, as well as income.
Some of the products peddled by fund managers, such as split-capital trusts, and now high-income bonds, which guaranteed income but not, alas, the return of the principal, have also been tainted by scandal.
In his budget, the President proposed slapping taxes on new sales of variable annuities. (People who already own annuities will have a one-time opportunity to switch from one variable contract to another, tax free.) Clinton's levies include taxing income and capital gains if the holder transfers assets from one subaccount (a mutual-fund-type account) to another.
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