I was told that classification was misleading. The dividends they pay out come from the premiums they collect on the calls they sell on the index. But they are classified as "capital" by the time they are paid out.
On Sun, Jan 3, 2010 at 7:21 AM, Michael Bundy <mbundy1560@aol.com > wrote:
Also, their 6/09 distribution was 94% return of capital, in other words, they were paying you back your own money.
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