Investors following the Putnam Muni Opportunities Fund (PMO) may be forgiven if they are confused about why CEFConnect is missing the October distribution.
Oh well, it’s only a historic distribution – it doesn’t matter a whole lot, you might say. But they problem is that the missing distribution has a knock-on impact to things like the historic return which has been artificially lowered because of the missing distribution. This means that investors comparing PMO to other funds will see a lower than actual return for PMO and may decide the fund is not for them on this basis.
Our CEF Tool, on the other hand, is chugging right along with correct distributions and historic returns.
Thanks for reading.
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