Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Knighty Tin who wrote (274229)	1/19/2004 11:25:29 AM
From: mishedlo	Read Replies (2) of 436258

KT - thoughts on this question? Someone on the FOOL asked me and I do not know... I got a notice from Fidelity (an acct I don't use to trade), that basically says that if securities in your acct are loaned out, you may not be entitled to receive certain benefits of a securities owner, such as the ability to exercise voting rights, receive interest, dividends or other distributions. Substitute payments may not be afforded the same tax treatments as actual interest & dividends and may incur add'l tax liability for securities lent out. In other words, if you have a margin acct, the Bush tax cut on dividends is worthless. Anyone else have add'l info on this and comments about how this could affect the markets?

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