Federal Regular Income Tax Information
All dividends are exempt from federal regular income tax. Due to the provisions of the Tax Increase Prevention and Reconciliation Act of 2005, these dividends are now required to be reported to you and the Internal Revenue Service on Form 1099-INT. The fund also paid a taxable Short-Term Capital Gain dividend which will be separately reported to you and the Internal Revenue Service on Form 1099-DIV.
Short-term capital gain distributions are fully taxable and are included in ordinary dividends.
Final Capital Gains for 2011
Declared Date Record Date Ex-Date Pay Date Frequency of Distribution Short-Term Capital Gains Long-Term Capital Gains Total Capital Gains Annually 12-15-2011 12-16-2011 12-19-2011 Annually 0.0000100000 0.0000000000 0.0000100000
Dividends for 2011
Declared Date Record Date Ex-Date Pay Date Frequency of Distribution Income Dividend Daily Daily 01-31-2011 01-31-2011 Monthly 0.000016988 Daily Daily 02-28-2011 02-28-2011 Monthly 0.000015344 Daily Daily 03-31-2011 03-31-2011 Monthly 0.000016988 Daily Daily 04-30-2011 04-30-2011 Monthly 0.00001644 Daily Daily 05-31-2011 05-31-2011 Monthly 0.000016988 Daily Daily 06-30-2011 06-30-2011 Monthly 0.00001644 Daily Daily 07-31-2011 07-31-2011 Monthly 0.000016988 Daily Daily 08-31-2011 08-31-2011 Monthly 0.000016988 Daily Daily 09-30-2011 09-30-2011 Monthly 0.00001644 Daily Daily 10-31-2011 10-31-2011 Monthly 0.000016988 Daily Daily 11-30-2011 11-30-2011 Monthly 0.00001638 Daily Daily 12-31-2011 12-31-2011 Monthly 0.000016926
Federal Alternative Minimum Tax Information
All dividends are exempt from federal alternative minimum tax.
State Tax Information
California Residents: Any distributions earned on bonds issued by a state other than California are reported to the California Franchise Tax Board, pursuant to California Revenue and Taxation Code Section 18639.
Percentage of Income Earned by State
The fund earned 99.88% of its income from municipal bonds in New York.
A portion (0.12%) of the fund's income was earned from Puerto Rican securities. These are fully exempt from federal regular income tax and may be exempt from state and local taxes.
In addition, dividends are tax-exempt if 50% or more of the fund's assets, at the end of each quarter, is invested in New York or U.S. obligations. Based on this requirement, the fund paid exempt dividends.