QUOTE(beLIEve @ Dec 22 2019, 12:14 AM)
Ahhhh I never know the bonus came from PNB. I thought retained undistributed profits from previous years.
By definition of distribution, thy are not holding or giving away any "profits". Any funds can give away distribution even when the fund is not profitable. This is why it is important to use the term distribution and not dividend. A company cannot (I am not sure if legally) give away dividend when they are making a loss. SO when you refer the distributions given by ASB/other-UT as dividends, you are implying that the fund size grew over they year. No such thing.
This post has been edited by wild_card_my: Dec 22 2019, 12:51 AM
Dec 22 2019, 12:32 AM

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