Macquarie Management Holdings Inc announced on Wednesday that Macquarie Investment Management's municipal income funds: Delaware Investments Colorado Municipal Income Fund Inc (NYSE American:VCF); Delaware Investments National Municipal Income Fund (NYSE American:VFL); and Delaware Investments Minnesota Municipal Income Fund II Inc (NYSE American:VMM), declared monthly
income dividends for July 2019.
The Fund intends to pay most, but likely not all, of its net income to common shareholders in monthly
income dividends. As portfolio and market conditions may change, the distribution rate and the Fund's policy to declare distributions monthly could be changed by the board of directors.
Commencing with this initial distribution, the Fund intends to pay most, but likely not all, of its net income to common shareholders in monthly
income dividends. As portfolio and market conditions may change, the distribution rate and the Fund's policy to declare distributions monthly could be changed by the Board of Directors.
(1) Ordinary
income dividends. Ordinary
income dividends are derived from the mutual fund' s net investment income (i.e., interest and dividends on its holdings) and short-term capital gains.
REITs, like RICs, may deduct from their taxable
income dividends distributed to shareholders, thus avoiding a Federal income tax at the entity level.
Municipal income funds, Delaware Investments Colorado Municipal Income Fund Inc (NYSE American:VCF); Delaware Investments National Municipal Income Fund (NYSE American:VFL); and Delaware Investments Minnesota Municipal Income Fund II Inc (NYSE American:VMM) (together, the funds) disclosed on Wednesday their monthly
income dividends of USD0.05000, USD0.05000 and USD0.03750 per share, respectively for May 2019.
(1) Ordinary
income dividends. Ordinary
income dividends are derived from the mutual fund's net investment income (i.e., interest and dividends on its holdings) and short-term capital gains.
Arkansas legislation enacted in 1997, effective for tax years beginning after 1996, excludes from corporate
income dividends received from a subsidiary owned at least 80% by the parent.
shareholders) could pay foreign
income dividends (dividends sourced from foreign income) without incurring any ACT liability.
Three municipal income funds, Delaware Investments Colorado Municipal Income Fund Inc (NYSE American:VCF), Delaware Investments National Municipal Income Fund (NYSE American:VFL) and Delaware Investments Minnesota Municipal Income Fund II Inc (NYSE American:VMM), (together, the funds) on Wednesday announced monthly
income dividends for March 2019.
Delaware Investments Colorado Municipal Income Fund (VCF), Delaware Investments National Municipal Income Fund (VFL), and Delaware Investments Minnesota Municipal Income Fund II VMM), all closed-end management investment companies, have declared monthly
income dividends of USD0.06, USD0.055, and USD0.0475 per share, respectively, the company said.
The Fairholme Fund (NASDAQ:FAIRX), the Fairholme Focused Income Fund (NASDAQ:FOCIX) and the Fairholme Allocation Fund (NASDAQ:FAAFX) on Saturday declared ordinary
income dividends of USD0.33731, USD0.05324 and USD0.07387 per share, respectively, for December 2018.