Liquidating fund

Typically, the IRS considers long-term capital gains as earnings from investments held for one year or more at the time you sell shares.

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The amount you pay at the time of liquidation can depend on the lifetime performance of the investment, your tax bracket or both.

Low-turnover funds may minimize the amount of capital-gains taxes you must pay during the life of the investment.

The IRS, and certain states, typically don't levy taxes on a portion or all of your dividends received from a municipal-bond fund.

However, if your income falls within a high tax bracket, you may face alternative-minimum taxes, even with earnings from tax-exempt funds.

Mutual-fund managers pool money invested by multiple investors and use the funds to reinvest in securities such as bonds or stocks.

If you invest in mutual funds, you may face a reduction in earnings due to management fees and taxes.

)--The Boards of Trustees of The Wright Managed Equity Trust and The Wright Managed Income Trust (the “Trusts”) have voted to liquidate and terminate each of the Wright Selected Blue Chip Equities Fund (WSBEX), the Wright Major Blue Chip Equities Fund (WQCEX), the Wright International Blue Chip Equities Fund (WIBCX) and the Wright Current Income Fund (WCIFX) (the “Funds”) effective on or about April 30, 2018 (the “Liquidation Date”).

Based upon a recommendation of the Funds’ investment adviser, Wright Investors’ Service, Inc., the Boards approved the liquidation of the Funds based on market conditions and economic factors adversely affecting the ability of the Funds to conduct their business operations in an economically efficient manner and concluded that it is in the best interest of the Funds and their shareholders to liquidate and dissolve the Funds.

States often exempt you from taxes on dividend earnings on shares of a municipal-bond fund within the state you live.

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