Is your argument hanging on the world "sold", as in they must sell the securities on a regulated market and thus triggering tax reporting? Are you saying that if they planed to "reconstitute their portfolio by redeeming securities via a redemption-in-kind through a authorized participant"?That’s not how they describe it in their SEC filing:
I think we can say that a portfolio manager who liquidates their shares through a redemption-in-kind has sold their shares. Prospectus are meant to be read by lay investors, not by tax accountants.
Statistics: Posted by alex_686 — Thu Nov 21, 2024 7:14 am — Replies 21 — Views 2190