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Technology Stocks : XLA or SCF from Mass. to Burmuda
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To: Mama Bear who wrote (775)12/12/2000 8:01:10 AM
From: RockyBalboa   of 1116
 
I suppose that, as in other cases of "large" dividends (>25% of the stock value) the value of the stock after & the payment is usually slightly acreetive.
This must especially be true for XLA as an inherent liability is removed.

Would be interesting whether a exempted non-us entity (channel isld company) having XLA shares in street name at a U.S. domiciled broker gets the distribution anyway and does not pay any tax (neither cap gains tax nor tax on the distribution, if any).

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