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Technology Stocks : General Instrument Corp.'98 (GIC) -- Ignore unavailable to you. Want to Upgrade?

To: BigBull who wrote (148)	3/16/1998 4:07:00 PM
From: Gord Wilson	Read Replies (1) \| Respond to of 615

I am having problems with my discount broker in Canada who in their infinite wisdom have decided that when the original GIC spun off into CTV SEM and NLV I was awarded a pretty signifigant dividend. I can't believe I'm the only person subject to canadian tax laws that owned GIC when it did it's dance last year. I could live with some arcane interpertaion that saw a capital gain being realized as i had made money a that point but not a dividend.Particulary a dividend that is just about the full amount of my holdings. Anyhow any assistance would be welcome. I would also be interested in hearing how the reverse spit and spin-off impact American taxes. Thks, Gord