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Dear Dagen: Kaufmann Fund Saddles Shareholders With Big Distribution
The pain never seems to end for investors in the (KAUFX Quote)Kaufmann fund.
In addition to suffering through a year of paltry performance, shareholders were hit with a fat capital-gains distribution Nov. 11. (In a recent column, I suggested putting this fund out of its misery.)
The long-term capital-gains distribution amounted to $0.986 per share, or 17% of the fund's net asset value, before the distribution was made. ...
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