Precious Metals and Mining Trust T.MMP.UN

Alternate Symbol(s): PMMTF

Precious Metals and Mining Trust (the Trust) is a Canada-based investment trust. The Trust's investment objectives are to provide unitholders with long-term capital appreciation and monthly cash distributions. The Trust's assets allocation includes Canadian equity, international equity, cash and equivalents, United States equity and other. The Trust invests in various sectors, including gold and precious metals, metals and mining, chemicals and gases, forestry and paper, and others. CI Investments Inc. is the manager, portfolio adviser and trustee of the Trust.

TSX:MMP.UN - Post by User

Precious Metals and Mining Trust

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Comment by spazzmanon Jun 18, 2013 8:22pm

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Post# 21539743

RE: RE: RE: RE: RE: RE: RE: Return of capital vs d

check737

You are right, I went back and looked at my 2011 tax return. There was no dividend tax credit, instead my adjusted cost based dropped 10¢ per share every month I received the dividend, I mean the distribution.

The end result was I reported higher capital gains when I sold in 2011 then I would have if this was a dividend. I am not sure but I believe that dividend income vs capital gains income depends on an investors personal tax bracket, capital losses carried forward, etc.

Any dividend or options income earned from this portfolio would be considered immaterial when compared to the capital earnings. The turnover of stock must be quite high to maintain this payout?

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