Equus II (EQS) - Closed-end fund Message Board

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Strategies & Market Trends : Equus II (EQS) - Closed-end fund

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To: Devil's Advocate who wrote (1)	7/31/1999 11:54:00 AM
From: Labrador	Read Replies (1) of 13

So are you saying NOT to buy it now. If I buy at $16.75 now, I get a capital gain dividend of $3.75, which makes me pay tax at a rate of 20%. Then the stock drops presumably dollar-for-dollar by the distribution of $3.75, so I am then sitting on a stock with an expected value of $13 [$16.75 less $3.75], and my basis is $16.75. So I have to pay tax, and don't get the loss until I sell the stock. Should we be shorting this company? Is this what you think we should do?

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