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What happened to UMESX mutual fund the other day?
Just curious if anyone has any reason why Excelsior Energy & Nat Resources mutual fund (UMESX) took a nosedive (20% +) on Tuesday. It seems that the underlying funds did fine that day, but not the fund itself. Thanks
so the amount of loss will be reimbursed as a dividend? This happened yet. So far it just looks like a loss
1 Answer
- Anonymous1 decade agoFavorite Answer
It went ex-dividend. That is the amount of the divident it will pay you per share.