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.
Minimum pay currently stands at 430 euros and
tax-exempt income is 170 euros per month, making up 40 per cent of minimum pay.