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Strategies & Market Trends : Option Spreads, Credit my Debit

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To: jjs_ynot who wrote (1350)	4/9/2000 5:00:00 PM
From: Didi	Read Replies (1) of 2317

Dave-re: QQQ & SPY... Usually rely on the authoritative information from the treasury. However, have yet to find any publication on "index shares or exchange traded fund shares". Hope you find following helpful. Good luck. di ______________________________________________________________________________________ QQQ = Nasdaq-100 Index Tracking Stock SPY = Standard & Poor's Depositary Receipts© (SPDRs) amex.com ------------------------------- Based on Ernst & Young LLP, who prepared following information for the AMEX: >>>EXCHANGE TRADED FUND SHARES: Exchange traded fund shares are interests in openend investment companies that hold securities constituting or based on an index or portfolio of securities. Examples of such shares are Standard & Poor's Depositary Receipts ("SPDRs"), NASDAQ100 Index Tracking Stock and DIAMONDS. These shares are generally taxed as interests in a regulated investment company ("mutual fund") for Federal income tax purposes. Thus, dividends paid from investment income (including dividends, interest and net short-term capital gains) are taxable to beneficial owners as ordinary income. Similarly, capital gain distributions from net longterm capital gains are taxable as long-term capital gains regardless of the length of time an investor has owned the fund shares.<<< optionsclearing.com optionsclearing.com

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