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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: cyesp who wrote (109287)9/14/2008 12:49:06 AM
From: Fastball  Read Replies (2) of 206223
 
CYESP - RE pfd dividend tax treatment --
Many of the utility pfds are "traditional" preferred stock as opposed to "trust pfd" or debt instruments issued as preferred stock. The traditional pfds are still eligible for the 15% tax because they are true dividends, i.e. they come out of actual earnings.

The best way to check is to go to QuantumOnline.com. (In my opinion, one of the most useful, free sites on the web.) Plug in the symbol for a utility, then click "Find All Related Securities." When you click a particular pfd issue, it will tell you whether it gets the 15% tax treatment.
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