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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Joe Frigabaldi who wrote (197152)9/5/2016 1:14:21 AM
From: Keith J1 Recommendation

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zebra4o1

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The circular is clear that the IOC/XOM stock transaction IS a taxable event - meaning that you'll have to take gains/losses on IOC stock when the deal closes - and then you would have additional gains/losses on the XOM stock based on when you sell those shares. The CPR is another issue altogether, and neither XOM or IOC are going to ask the IRS to interpret how taxation should be treated (though IRS could assert something different than what you may indicate on your taxes).

Just another reason I voted no - total disregard for shareholder interests.

KJ
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