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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: J.D. Elliott who wrote (19400)10/7/1999 4:24:00 PM
From: superdow  Respond to of 25548
 
My understanding is that if you take physical delivery of the certificates that would be a premature distribution, equivalent to an early distribution of cash. As a result you would be taxed on the distribution and have to pay an early withdrawal penalty...

Logically, it seems though, that the custodian of the account could obtain the certificates and hold them in your name in the account. Your broker could probably answer these questions definatively.



To: J.D. Elliott who wrote (19400)10/7/1999 5:00:00 PM
From: Handshake™  Respond to of 25548
 
Anything is a possible but in this case I will say no.



To: J.D. Elliott who wrote (19400)10/8/1999 1:38:00 PM
From: PvG  Read Replies (1) | Respond to of 25548
 
Instruct the IRA custodian to request the certificates. They will obtain them and hold them in their vault.

At least my broker has told me they physically have the certificate and it is in custodians vault.

Best of Luck,

PvG


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