Am I correct is calculating ACB for CCETF?
Trying to understand ROC and CCETF and ACB.
Example: I buy an ETF on Jan 2 for $30. The ETF pays 20% yield, once a month. That’s $6 a year or $0.50/share monthly. Entire $6 is return of capital.
Year end, the ETF was flat, ending the year at $30. Since there was no growth, a dividend received of $6 (assume I didn’t reinvest), would my ACB be $24 if was to sell?
Thank you