Income Distribution for Unit Trust

A bond fund declare income distribution of  gross 2.8 cents per unit held.  Normally investor will not get the full unit, this because of income tax.

Try to calculate yours.



Formula:

Current Year Amount
----------------------------------- x 100
Last Year Balance Units



Example:

$47.59
---------------------x 100
1699.78 Units


= 2.7997 Cents per unit