San Diego-based Gurtin is an asset manager with a singular focus on maximizing tax-exempt income
for high net worth individuals.
BlackRock California Municipal 2018 Term Trust (NYSE:BJZ), BlackRock New York Municipal 2018 Term Trust (NYSE:BLH) and BlackRock Municipal 2018 Term Trust's (NYSE:BPK) (together the funds) boards of trustees approved a special tax-exempt income
distribution of USD0.195000, USD0.175000 and USD0.205000 per share, respectively, the funds revealed on Friday.
MUST is intended to serve as a core municipal bond allocation in investors' portfolios but can also complement traditional core holdings to deliver higher tax-exempt income
and risk-adjusted return potential than traditional benchmark products.
If the trust or estate has tax-exempt income
and administrative expenses, those administrative (indirect) expenses are not 100 percent deductible.
Aquino has filed a bill proposing the suspension of the TRAIN law and raising the ceiling for tax-exempt income
but imposing higher taxes on oil and other products.
As a consequence, this tax-exempt income
is still included in the computation of "Net Income" and can impact eligibility for various social programs, as well as some other calculations under the Canadian income tax system.
My analysis projects 35 cents of undistributed tax-exempt income
will be embedded in the funds net asset value at the end of the term.
Sub-advised by Wellington Management company LLP ("Wellington Management"), this actively managed ETF is designed to provide financial advisors and their clients with an investing strategy that seeks tax-exempt income
by investing in opportunities in investment grade and high-yield municipal bonds.
The Fidelity DMFs provide an investment option to investors interested in tax-exempt income
over defined periods of time.
"From time to time over the past 20 years, Congress has entertained either limiting or eliminating the benefit of that tax-exempt income
," Duprey said.
Minimum pay currently stands at 430 euros and tax-exempt income
is 170 euros per month, making up 40 per cent of minimum pay.