Issuer has tax consequences as follows2.48 is return of capital while the rest a deemed dividend. If your cost is higher than 2.48 you will have some capital loss . If say 12.50 was the price you would have a dividend of 10.02 and recipt of capital of 2.48. Tax exempt or registered accounts does not matter however could have negative effect in regular account particularly if you are unable to use capital loss , if that is what you have.