[quote=gzz]
If I grabbed the no-fee 250k cash out offer, the interest on my cash out would be $4687.50 the first year and the EVM tax free Cal muni would pay $10,600, resulting in an after-tax gain of $5912.
[/quote]
gzz,
I’m not too familiar with muni bonds, but i just wanted to confirm how you calculate the distribution of $10,600 here?
The EVM fund overview (https://funds.eatonvance.com/california-municipal-bond-fund-evm.php) showed the last distribution was ~4.25%, which would return $10,600 on an investment of $250,000. But, after the total expenses/fee of ~2.12%, wouldn’t the actual cash distribution be reduced to ~2.13%, which would pay only $5,325, not $10,600?
Also, this assumes the distribution rate of ~4.25% continues for the next year and beyond, right?
