FINRA Series 6

Answer: B - In order for any of the dividends Tex receives from the fund he purchased 30 days prior to its ex-dividend date to be considered qualified, Tex cannot sell his shares until thirty-one days after the fund’s ex-dividend date. To treat any fund dividends as qualified, a shareholder has to have held the shares for more than 60 days during a 121-day time frame that begins 60 days before the ex-dividend date stipulated by the fund. So, if Tex bought the shares 30 days prior to Invest4U’s ex-dividend date, he needs to hold the shares for at least another 31 days after the fund’s ex-dividend date for any distributed dividends to be considered qualified dividends.