Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Goldberry who wrote (828)	3/26/2001 1:54:55 PM
From: Conky Lives!	Respond to of 11633

>You indicate payment in 6 weeks whereas the press release you provided indicates closing to occur March 30th if things go as planned, and the deal closes successfully, then unit holders should receive their money after 3/30. The exact time probably depends on the efficiency of dva's dealer, as well as how efficient you broker is on getting and putting the money in your account. 6 weeks is a rough guess ..it could be anywhere from 3 days to 4 weeks after 3/30. >Are you aware what tax implications of transaction are probably a return of capital (you are not taxed on 5.15, but the difference on what you buy and what you receive, just like wff.un) >will the money be a dividend with holders retaining the dva.un which will then drop in value? this is what I hope will happen. The press release using the terms "to facilitate the realization of the value of the tax attributes of the Fund" screams to me something similar to wff.un -- dva.un to payout, to not delist, and to have its stub purchased by a company wishing to become a trust btw: In the case of wff.un, they dragged things and cut the distribution so that the remaining stub would have a value (about 50 cents). wff.un (in hindsight was a great deal) but at the time (a couple of months ago) was a risky proposition because they did not satisfy the tse minimum listing requirements and were put on notice by the tse.