BJBHX (Aberdeen (Artio) Global High Income Fund) Distributes $0.25477 Cap Gains For 2014 On Friday, December 19.

.Anura Guruge December 2014 thumbnail

by Anura Guruge

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Click to ENLARGE. From ‘MarketWatch’.

Well, I have been giving you plenty of warning of this short- and long-term capital gains distribution for 2014 by BJBHX. Well, it happened on Friday, December 19, 2014 though they had given themselves December 23rd to affect the distribution.

The actual distribution was: 0.04774 short- and 0.20703 long- for a TOTAL distribution of 0.25477.

That was 0.03233, i.e., 12%, below the October estimate. 12%.

That the NAV dropped just 0.22 rather than 0.25 meant that the underlying securities, i.e., the bonds, saw a 0.03 uptick that day. That is all.

So that explains the 2.2% drop in BJBHX on Friday.

In terms of the BIG picture the least of our worries about BJBHX.

This fund has taken a pounding this year and come out, year end, ragged, wasted and looking like a real loser.

Come 2015 I am going to take a hard, cold look at BJBHX now that the interest rate picture is changing. BJBHX looks like it is history.

I will keep you posted.

Merry Christmas.