Van Kampen 2007 Dividends Received Deduction Percentage for Corporate Shareholders
A dividends received deduction (DRD) is available to corporate shareholders. Pursuant to the tax code, a corporation is entitled to a special deduction from gross income for dividends received from taxable domestic corporations. The amount of deduction is equal to 70% of the dividends received from corporations (provided that the recipient owns less than 20% of each of the paying corporations).
The special tax status of the dividends received by a mutual fund passes through to eligible shareholders. As a result, we report below the portion of the ordinary income distribution paid which represents dividends received by the fund which may qualify for the dividends received deduction in 2007.
|
Open-End Funds
 |
Fiscal
Year-End
|
% of Ordinary Dividends
|
|
American Franchise Fund |
08/31/07 |
100% |
|
American Value Fund |
06/30/07 |
41% |
|
Asset Allocation Conservative Fund |
03/31/07 |
2% |
|
Asset Allocation Moderate Fund |
03/31/07 |
5% |
|
Asset Allocation Growth Fund |
03/31/07 |
11% |
|
Comstock Fund |
12/31/07 |
100% |
|
Equity and Income Fund |
12/31/07 |
51% |
|
Equity Premium Income Fund |
08/31/07 |
15% |
|
Global Equity Allocation Fund |
06/30/07 |
79% |
|
Global Franchise Fund |
06/30/07 |
71% |
|
Global Value Equity Fund |
06/30/07 |
62% |
|
Growth and Income Fund |
11/30/07 |
73% |
|
Harbor Fund |
12/31/07 |
35% |
|
International Advantage Fund |
08/31/07 |
4% |
|
Leaders Fund |
03/31/07 |
79% |
|
Small Cap Value Fund |
03/31/07 |
100% |
|
Utility Fund |
03/31/07 |
100% |
|
Value Opportunities Fund |
03/31/07 |
44% |
|
|
Fiscal
Year-End
|
% of Ordinary Dividends
|
|
LIT Comstock Portfolio |
12/31/07 |
100% |
|
LIT Enterprise Portfolio |
12/31/07 |
100% |
|
LIT Growth and Income Portfolio |
12/31/07 |
80% |
|
LIT Strategic Growth Portfolio |
12/31/07 |
100% |
* Percentages are based on income dividends and/or short-term capital gain distributions paid.
If you have any questions, please call (800) 847-2424.
Van Kampen does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. It was not intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer under U.S. federal tax laws. Federal and state tax laws are complex and constantly changing. You should always consult your own legal or tax advisor for information concerning your individual situation.
There is no assurance that a mutual fund will achieve its investment objective. Funds are subject to market risk, which is the possibility that the market values of securities owned by the fund will decline and that the value of fund shares may therefore be less than what you paid for them. Accordingly, you can lose money investing in mutual funds.
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