Frontera Energy Corp T.FEC

Tax complexity, September 4 2024 SIB

[CrazyTrader]

When the offer was made the company stated the following:  

"Assuming full and pro-rata shareholder participation, the Offer represents a CAD$0.48 per Share distribution equivalent to a 6.6% yield on the Company's stock price prior to the announcement of the Offer during the Company's second quarter 2024 results."

"The Company also announces that it has re-determined the estimated "paid-up capital" for purposes of the Income Tax Act (Canada) of its Shares to be CAD$14.98 per Share as of the date hereof."

I'm hoping my broker does everything for me and sends proper tax slips and all I have to do is file them with no "figuring out" on my part.  

Thanks Kcac1 for the link but it was like you said "LONG" and I found it unhelpful for our situation.  I don't think it gave an example of an SIB.  


Another SIB !!!!!!    Now I know the process is simple, just call my broker and tell them to tender, I guess I'll tender AGAIN but this time ALL my shares, it's for $12 again, correct?    I haven't recieved anything in the mail about this new SIB.   Lucky I decided to check in on FEC to see what's happening.    I never did get anything in the mail the last SIB, but I called in and tendered and it was done.  

Will wait and see what tax slips I get.

[CrazyTrader]

So if I remember correctly, I bought at $8 and tendered for $12.   Company stating "Paid up Capital was $14.98"  and tender represents $0.48/share distribution"..... Do I have a Capital gain of $4/share??? ......    or do I have a LOSS !!!!   LOL  ...... or do I have a dividend of $0.48/share......    Or do I have a Capital Loss

[Frank007]

Think about it ..crazy ...just why would they make this kind of offer ..with you own money by the way if you are a shareholer ..that money belongs to the shareholders ...so think about it ..why $12 ...why not $16 ... why not $10 ...what is so special about $12 .....that seems to be enough to shake out the weak hands ............lol ........I bought some more ...$9.24 .....may get some more

[CrazyTrader]

All I know from hindsight is that I bought around $8, tendered for $12, and now I can buy back if I wanted to for around $9 and can tender again for $12!    Learning from this, I if I tender again, I probably could buy back for less than $12 if I wanted to.     I haven't done much (very little) DD on FEC, I basically know nothing about this company.  What got my

[Frank007]

Smart ...happy trading ...good luck...if you had those shares on January3 you will be getting a dividend ..Jan 17 th ...read all of Kcac1 posts and Shedrill to learn more ....this stock should be a 10 bagger ..in my opinion ..only ...both cgx and frontera have a very long colourfull history ...no need to learn it ...the assets broken up right now are worth at least $30 u s.   Per share ...if