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Gold/Mining/Energy : Air Canada is taking off? -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (1004)11/18/1999 8:39:00 PM
From: Mike  Respond to of 1033
 
I was of the understanding that this was going to be a dividend?

Mike



To: Stephen O who wrote (1004)11/18/1999 9:35:00 PM
From: Michel Houle  Respond to of 1033
 
Actually, it is not so simple. The "A" shares are deemed to have been bought back by the company at about $8.64 per share. So if you bought below that price, you have a capital gain, otherwise it is a capital loss. The difference between $8.64 and $16 ($7.36) will indeed be considered a dividend.

Regards,

mh



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