A financing structure under which new bonds are issued to repay an outstanding bond issue prior to its first call date.
Generally, the proceeds of the new issue are invested in government securities, which are placed in escrow.
(1) The dollar amount of interest accrued on an issue, based on the stated interest rate on that issue, from its date to the date of delivery to the original purchaser.
This is usually paid by the original purchaser to the issuer as part of the purchase price of the issue; (2) Interest deemed to be earned on a security but not yet paid to the investor.
Alternatively, you can send a written request, signed by all registered owners, to our Operations Center.
You may begin the certificate replacement process by clicking the login link to the left to access your account.
In general, most distributions you receive from a mutual fund must be declared as investment income on your yearly taxes.