Schweser states for its annual spending requirement:
Must spend at least 85% of dividend and interest income for its own operations.
What does that mean? Thanks作者: SWASH 时间: 2013-4-12 22:46
It means that 85% any dividend or interest income that their investments generate must be used to fund the operations of the organization it is supporting (a museum, school, etc.)
Best,
TheChad
