Artis Real Estate Investment Pref Shs Series E T.AX.P.E

Change Cost Basis

[Marvee81]

Why did my acb increase today. Not enrolled in a drip but transaction history shows a deduction and then payment of same amount. Labeled jan4/mar10. Can't find the news realease, can someone point me towards the pertinent info? TIA.

[SNAKEYBOY]

Maybe the special divy they did Dec 31

[TimeBuilder]

HEY Marvee81    Note : same here with TDWBDI but good thing it is only held as a very long term investment  (in  very  early) and in our RRIF account. ;>O DONOT plan on selling any and should only be reflective in the 2022 Taxation year IF we sell any .   Still wondering WHY this happened !    Regards, TimeBuilder PS: stand to be coorrected 

[TimeBuilder]

NOTE:This message was posted on the  T.AX.UN   BB  but again appears in our Profile under T.AX.P.A  Stockhouse still has a problem to solve  IMO

[deornoth667]

Yep it's the special dividend they didn't. I had three of them in my account for different stocks this yearZ. Basically they dumped a bunch of capita gains tax on you to pay.  But then they increased the acb so you'll have less capital gains tax to pay when you sell.  It's a way to offload tax from the company to shareholders, who mostly hold it in tax sheltered accounts

[Marvee81]

@deornoth@snakeyboy Yes thank you. Just reread the special divy news release, and makes sense now.