Why is it impossible to discover the Return of Capital for iShares on BlackRock's own site? What am I not understanding?
For example, BlackRock's XSP Page shows every possible statistic and distribution but no where have I been able to find Return of Capital.
Note: I know I can find this information elsewhere such as CDS Innovations, I'm just wondering why it can't be found on on BlackRock's own site.
When a fund pays a return of capital (ROC) distribution it is essentially giving you back a portion of your initial contributions. It’s common with income-oriented ETFs, especially those that pay a fixed distribution every month. ROC is not taxable in the year you receive it. However, return of capital distributions decrease your ACB, which in turn increases your future capital gains tax liability. If you don’t adjust for return of capital, you will pay less tax than you owe.