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Foxby Corp. (FXBY) is a non-diversified, closed-end management investment company with a focus on total return through capital growth and income from various securities. The company's flexible strategy allows investments in equity and fixed income securities of U.S. and foreign issuers, including derivatives and other instruments. Foxby Corp. may also utilize aggressive investment techniques like leveraging. Shareholders should be aware of the risks associated with closed-end funds, including potential trading at a discount to NAV and fluctuations in market price. For a detailed look at the Fund's investment policies and performance, visit their website.
Foxby Corp. (OTC PINK:FXBY) has declared a distribution of $1.74018 per share, payable on December 27, 2024, to shareholders of record as of December 16, 2024. This distribution is derived entirely from capital gains and includes no net investment income or return of capital. The announcement complies with Section 19(a) of the Investment Company Act of 1940, which mandates disclosure of distribution sources. Shareholders should note that this notice is not for tax reporting purposes and the actual tax-related information will be provided via a Form 1099-DIV. The indicated distribution sources are based on estimates and may change depending on the Fund's investment performance and tax regulations.
Foxby Corp. (OTC PINK: FXBY) announced a distribution of $0.1925 per share, payable on December 28, 2022, to shareholders of record by December 15, 2022. This distribution comprises approximately 93% from capital gains, 6% from net investment income, and 1% from return of capital. The notice highlights that this distribution does not reflect the Fund's investment performance and may include a return of capital—tax implications may vary. Actual amounts for tax reporting will depend on the Fund's results at fiscal year-end.
Foxby Corp. (OTC PINK:FXBY) has declared a distribution of $2.01 per share for its shareholders. This distribution comprises approximately $0.87 per share of short-term capital gains and $1.13 per share of long-term capital gains. The payment will occur on December 30, 2021, for shareholders on record as of December 15, 2021. This notice serves to inform shareholders about the distribution sources, which include 0% from net investment income, 100% from capital gains, and 0% from return of capital. Shareholders are advised that the distribution does not reflect the Fund's performance.
Foxby Corp. (OTC PINK:FXBY) announced a 1-for-5 reverse stock split, effective after the market closes on May 6, 2021. The new trading symbol FXBYD will be used for 20 business days, starting May 7, 2021, before reverting to FXBY on June 7, 2021. Each shareholder will see their 5 shares converted into 1, with no issuance of fractional shares. The move aims to increase the market price of the Fund without affecting ownership percentages or voting power. The split will not trigger a taxable event, aside from minimal cash payments for fractional shares.
Foxby Corp. (Ticker: FXBY, NASDAQ: XFXBX) has announced a 1-for-5 reverse stock split, effective after market close on May 6, 2021. Each 5 outstanding shares will convert into 1 share, with trading starting on a split-adjusted basis on May 7, 2021. This move aims to boost the market price of the Fund's shares, without altering shareholders' ownership percentage or voting power. Fractional shares will be paid out in cash at the net asset value per share. The Fund continues to focus on total return through capital growth and income from diverse securities.
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