Frontera Energy Corp T.FEC

I tendered all my share. Still don't have a clue how taxes

[CrazyTrader]

work.   

This SIB new release states "Offer Results in a CAD$0.52 Per Share Distribution" but does not mention anything about "Paid up Capital"     

Last SIB stated "Offer Results in a CAD$0.48 Per Share Distribution" and "paid up capital" of $14.98.   

Again, anyone know what that means?   I bought around $8.    I'm tendering for $12.    I have a gain of $4/share.     How does company's information relating to share distribution and paid up capital relate?

[Frank007]

You lost money buddy ...the $12 is treated as dividends ...lol ...so if you which I,m sure you are place that $12 dividend on top of you ordinary income ...you lost money unless you are from the poor house which I doubt 

[Frank007]

One exception to what I just said ..if the sale is from your Tisa ... which again I doubt ..

[Jimmmy666]

Just offset it with rrsp purchase since they are only gonna buy back about 5% of what you tender .

[Frank007]

No they are not they are going to buy back all of your tendered shares up to the 3,200,000 shares ..not just 5% ....that increases the value of all remaining shares ...it's very smart by management they increase the value of every share they own ..with money that should be distributed to every shareholder ...cunning and smart if you see the book value of your shares increasinnng.....

[CrazyTrader]

I'm guessing for Tax purposes, I will have a dividend of $0.48 and a capital gain of ($4 - $0.48 = $3.52) per share. If correct, you can offset gains with any losses you have.   Don't know, will see what tax slips I get for 2024.