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Modern Capital Tactical Opportunities Fund (MCTDX & MCTOX) announced a first-quarter dividend distribution of $.2015 per share for MCTDX and $.2011 for MCTOX, payable on April 3, 2023, to shareholders of record on March 31, 2023. Michael Pierce, Head of Institutional Distribution, emphasized the fund's commitment to providing a consistent dividend alongside capital growth. Celebrating its two-year anniversary, MCTDX & MCTOX focus on generating income and capital gains through investments in closed-end funds, ETFs, and ADRs. The management team actively seeks investments trading at a discount to their net asset value, aiming for above-market income and capital appreciation.
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The Modern Capital Tactical Opportunities Fund (MCTOX) declared a fourth quarter dividend distribution of $.194 per share, payable on December 30, 2022. Shareholders of record as of December 29, 2022 will receive this distribution. For 2022, total distributions amount to $1.0679 per share. MCTOX aims to generate income and capital gains by investing in closed-end funds, ETFs, and ADRs, providing portfolio managers flexibility to capitalize on market conditions.
The Modern Capital Tactical Opportunities Fund (ticker: MCTOX) has declared a total distribution of $.2282 per share, consisting of a short-term capital gain of $.1897 and a long-term capital gain of $.0385. This distribution is payable on December 16, 2022, to shareholders on record as of December 15, 2022. Year-to-date, MCTOX has disbursed $.8739 in total distributions. The fund aims to deliver income and capital gains by investing in closed-end funds, ETFs, and ADRs, leveraging market discrepancies for increased yields.