Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures CGIFF

Definition of a bagholder

[ol_griz]

Tough stock to own.  I believe I owned it back in the early teens and lost a bunch.  Current holding since 2017 and I've realized $4500 in losses and sitting on another $5300.  My dad made bundles on this. "Don't worry, son." he said.  It'll come back."  Ha!  Even averaging down in 2020 didn't get me there.  Been waiting for $10.50 ever since.

[Red_Deer]

Heyl GRIZ__So How Much INCOME Have You GOT Since 2017__Or does THAT NOT Count in Your EYES eh ????? Oh, and ALWAYS a Good Idea to LISTEN to DADS !!!!!!!!!

[bttmfischer]

Well ol-griz  you are lucky to drop only $4500/ I  have 16k of this, most of them purchased when it had a 10% plus cash distribution. It is not even a stock, so you don't get any dividend tax credit. I hope I'll live long enough to break even. Fortunately I have are others (stocks) with gain. 

[Red_Deer]

Hey BottemFischer__Actually we DO GET Some Dividends and Some Tax Credits. Looking at my 2022 Tax Return slips__I see we Got 60 Cents per share Total Income and Out of THAT we Got 0.21396 Cents as a NON-Qualified Dividend Being a NON-Qualified Dividend means that IT IS Marked Up ONLY 1.15 times for the TAXABLE INCOME__Compared to 1.38 times for a QUALIFIED Dividend ASLO the DIVIDEND TAX

[BarstoolSage]

Really a function of where taxpayer lives. What you say is true for Canada. USA would be different...just like Canadians earning foreign investment income....no dtc....BUT any foreign taxes can be claimed os a foreign tax credit