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In preparing for April 15 (many happy returns, everyone!), I contacted one of my mutual-fund companies to ask if they would be mailing their 1099's soon. And their reply was, our fund had neither dividends nor capital gains this year, so we won't be sending 1099's.

Well, this is the first time that has happened to me. And while I'm not troubled (about the fund's performance), I am curious:
* capital gains would be generated by sales of individual stocks,
and I guess the fund manager feels his/her picks have further room
to appreciate so didn't sell any;
* dividends would be generated if any individual stocks issued
dividends (in excess of the fund's expenses?).

It's the latter one that causes me concern: the fund's style is large blend, so what are the chances that none of its individual large-cap stocks paid any dividends this past year?
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