Gruber

CEF Investors Can't Expect Big Year-End Payouts

While I’m not an accountant and given that tax laws are not logical, since dollars are fungible, why wouldn’t a CEF that realized a capital gain in 2010 write it off against its 2009 capital losses and distribute the amount of capital gains anyway and designate it as a return of capital distribution?

It would seem to me that you’d get the best of both worlds? Remember we’re talking about cash flow and not earnings and profits.