past, K&N Value Select Corp. did not pay any dividends and it
is also intended to re-invest future profits.
Waiving dividend payments avoids the problem of dividend taxation.
In some countries, private investors do not need to pay tax
on rate gains. Sometimes
there are certain criteria to observe (e.g. minimum holding
period). Every investor is recommended to
himself about the taxation in his country and to obtain specific
professional advice, if necessary.