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Modern Capital Tactical Opportunities Fund (MCTOX) has rebranded to Modern Capital Tactical Income Fund, aiming to provide maximum distributions with the potential for capital appreciation. The fund, managed by Peter Montalbano & Michael Lowenberg, has consistently delivered double-digit returns for three consecutive years. The focus on income solutions for advisors, RIAs, and pension plans highlights Modern Capital's institutional asset management expertise.
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.
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.
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