Ch.7 · Total Expense Ratio Limits · medium
What is the 'Record Date' in the context of IDCW declaration?
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EXPLANATION
The record date is the cutoff date for determining which investors are eligible to receive the IDCW. Investors holding units as of the record date (or ex-IDCW date) receive the distribution. Investors who purchase units on or after the ex-IDCW date receive the lower post-distribution NAV without the IDCW benefit. The IDCW is typically paid within 30 days of the record date.
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