Modern Capital Tactical Opportunities Fund announces Q2 Dividends.

–News Direct–

Charleston, SC, July 6, 2023 (500NewsWire) Modern Capital Tactical Opportunities Fund (Ticker: MCTDX & MCTOX) declared second quarter distribution of $.2822 per share for MCTDX and $.2808 for MCTOX, payable on June 29, 2023, to shareholders of record on June 28, 2023. Michael Pierce, Head of Institutional Distribution, says We are proud of the performance and our ability to provide a consistent dividend. Our target is to provide a meaningful annual dividend without abandoning the prospect of capturing equity growth. Kris Wild, President & CIO of Modern Capital, Inc added, We are very proud of our portfolio management team, Peter Montalbano and Michael Lowenberg. They have been providing significant value to our shareholders in a difficult market and we are excited to have them on our team.

MCTDX & MCTOX seeks to provide income and capital gains by investing a significant portion of the portfolio in closed-end funds (CEFs), exchange-traded funds (ETFs), and sponsored American Depositary Receipts (ADRs). Unlike some funds with a narrow mandate that can restrict the portfolio managers inability to react to fluid market conditions, MCTDX & MCTOX, allows the funds management team wide discretion. Due to a CEFs natural pricing discrepancy with its holdings, the portfolio managers look to buy funds trading at a discount to Net Asset Value (NAV). The MCTDX & MCTOX seeks above market income without abandoning capital appreciation. For a full description please see the funds prospectus here.

Modern Capital is an institutional asset management company with a focus on providing investment solutions for investment advisors, RIAs, and pension plans. For more information about Modern Capital, visit moderncap.com.

Please read the prospectus and consider the Fund's investment objectives, risks, and expenses before investing. To obtain a prospectus, containing this and other information, visit for prospectus. Holdings are subject to change and risk.

The Funds investments are subject to risks, including loss of the principal amount invested. The Fund may not meet its objective. The Fund is subject to the following risks: Active trading may result in added expenses, lower return, and increased tax liability. The Fund will have high portfolio turnover rates because the advisor engages in high turnover trading strategies. Closed-End Funds (CEFs) are subject to investment advisory and other expenses, which the Fund will indirectly pay, resulting in duplicative fees. The underlying CEFs advisor may not meet the Funds objective. Equity securities may experience value changes, their values may be more volatile than other asset classes values. These value changes may result from factors affecting individual issuers, industries, or the stock market. The prospectus contains more information about the Funds risks.

Distributor: Vigilant Distributors, LLC., Member FINRA/SIPC. There is no affiliation between Modern Capital Management Co., including its principals, and Vigilant Distributors, LLC.

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Contact Details

Modern Capital

mpierce@moderncap.com

View source version on newsdirect.com: https://newsdirect.com/news/modern-capital-tactical-opportunities-fund-announces-q2-dividends-712725949

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