Post by
bbzzzz on Dec 23, 2021 2:11pm
Registered accts and Tax free accts lose , benefit ???
I cannot understand how this accounting "distribution " will result with no benefit to the above mentioned accounts if a "special distribution " has been declared .
I see the benefit of an increased adjusted cost in a non-registered account but why no provision for a "special Distribution" in tax free accounts? Is this a form of discrimination amongst account types ? A legal challenge ??
I feel this is a good question for Investment Relations . I have not seen this before it must be a new tax concept .....someone at CRA had their helmut on too tight !!
Seasons Greetings to all !!
tedz
Comment by
bcsc on Dec 27, 2021 1:33pm
If EIT.Un were to pay a special dividend in cash, it is likely the share price would drop by approximately that much on the ex-dividend day, much as it does every month In this arrangement the consolidation of the shares will increase the NAV per share. If you believe in an efficient market, that should lead to an increase in the market price.
Comment by
Gord_Alberta on Dec 24, 2021 12:08am
The company does not tell anyone where to hold their investments. This is a decision we make knowing the tax implications. So why would there be a potential "legal challenge"? I know my TFSA account has no tax repurcussion. My RRSP has tax implications when I withdraw the money. My investment account has annual tax implications; my responsibility to figure things out...
Comment by
Gord_Alberta on Dec 27, 2021 3:24am
My wife and I have more than 90 percent of everything we own in this stock; seriously... Which is why I emailed the company & shared their response on this Board. I agree that their initial press release was convoluted (misleading), yet I give the company 100% credit for immediately responding. My wife had already spent the imaginary dividend... LOL
Comment by
bubba9 on Dec 29, 2021 10:29am
About 2 years ago I disagreed with Gord. Told him I would never put more than 30% in one holding. I broke my rule and doubled down to 60%. He's not wrong and I wish I had put more in . I also have LBS and DGS just to spice things up and I LLOOVVEE banks...
Comment by
Joe455 on Dec 28, 2021 12:04pm
Trevor, no one cares if a moron retracts a statement. Please do everyone a favor and piss off.