you have to hold the stock prior to the ex div.. that means the 3 day settlement period is over...to get the div... the downtrend i talked about usually occurs 3-5 weeks prior to the ex div date...but
I should have mentioned that I don't follow KTF specifically so these are all comments general to muni CEFs...I'd suggest looking at its holdings to decide an appropriate interest-rate benchmark. Probably
it could be as simple as market manipulation right before an ex dividend...do realize that there will be millions of shares sold on ex div day to all the sheep that reinvest their dividends..and that occurs
Hi Dave- Though it has a ticker symbol, KTF isn't a company really - it's a closed-end mutual fund ("CEF"). CEFs are a somewhat odd investment...like any mutual fund, they pool money from a bunch of investors
Thanks for an interesting question - I'll put my member-organization hat on, I've been involved with a few member-based sports orgs over the years (cycling). The first thing I'd look at is the bylaws