What does the “Ex-Div” or the “Ex-Dividend” date refer to?
Every quarter the Fund pays dividends and those investors who purchase the Fund before the ex-dividend date will receive the next dividend distribution. Investors who purchase on or after the ex-dividend date will not receive the next dividend distribution. The value of the dividend is subtracted from the Fund’s NAV on the ex-dividend date each quarter. So when the NAV is reported with an “ex-div” behind it, this means that the amount of the dividend has already been taken out of the NAV.
