Adding Dividend Payment to Morningstar and/or FT.com

Lokolo

I can confirm that you are doing regular savings of £50 in the Rathbone Global Opportunities Fund In your Vantage Stocks and Shares ISA. You received an equalization payment of £1.46 on the 31 March 2000. When you purchased the Rathbone Global Opportunities Fund it was between the previous and the next dividend payment date. Therefore part of the next dividend had already accrued in the price paid for the units. As a result, when you bought the units you had in fact paid for part of the dividend. This portion is identified within the next dividend as equalisation and is regarded as a return of capital. This amount is taken off the original total investment cost to show the true cost you paid for the units i.e. the original unit price less the dividend portion of that price. As a result the investment cost shown for your fund has now reduced by the amount of the equalisation. Please note that this is not a charge.

Hehe there we go!

Still don't understand !!!!!! they are on about though

- I think they are saying as I purchased between dividend dates etc. I paid more than I should have for the units so I recieved a 'equalisation' amount to make it equal. So I am infact up on my funds .... not sure how but hey there we go.