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Non-Tech : Prudential (PRU) IPO'd yesterday.
PRU 112.89-0.7%Dec 31 3:59 PM EST
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To: Curtis E. Bemis who wrote (3)3/11/2002 9:50:55 PM
From: Peter Dierks   of 7
 
Your insurance policy (policies) are non-taxable. The value of your shares derives from the holdings in the mutual company. Your insurance policies continue to hold the value of your original investment.

As I have said before, demutualizations can free a company to do many things blocked. It can make expansion much easier. Unfortunately, most demutualizations are driven by management’s personal greed. It remains to be proven if Prudential mutual shareholders will benefit anywhere near as much as management.

It is my sincere hope that each mutual shareholder benefits the maximum from her or his own investment.

BTW - My non-professional opinion is that the investment term is based on your insurance asset purchases that your mutual ownership is based on. Most holds would find it to be a long term investment. Before acting on this, please check the precendents.
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