Is 360 Capital's Total Return Fund the best income stock on the ASX? | Motley Fool Australia

Is 360 Capital's Total Return Fund the best income stock on the ASX? | Motley Fool Australia: " 360 Capital Total Return Fund (ASX: TOT)(d listed on the ASX in April 2015, at an issue price of $1.25 per stapled unit. In its product disclosure statement, the Total Return Fund forecast a dividend yield of 9% per annum, implying quarterly distributions of 2.81 cents. It anticipates most distributions will be tax-deferred, meaning no income tax should be payable by the recipient.

So far the Fund has maintained guidance, paying two distributions in-line with forecasts and a special dividend of 1.2 cents in the September quarter so unit holders could fund tax liabilities associated with its 2015 distributions (tell me if your bank account does that!)."



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