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For the last 10 years or so, I've been in a lousy-performing world stock fund: high fees, rotten performance both in absolute terms and in comparison to other funds in the same category.
Anyhow, I just got a statement saying it has been merged with the fund company's slightly-less-stinky (and about three times as large, assets-wise) global utilities fund.
If I continue to hold, am I likely to get unusually large distributions due to the merger? On the other hand, if I sell the thing within the next few months, will I have short-term capital gains (because I just got swept into this merged fund) or will they be long-term GCs (because my holding dates back a decade)?

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