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Gold/Mining/Energy : Canadian Investment Resource Guide -- Ignore unavailable to you. Want to Upgrade?

To: Scott Mc who wrote (172)3/16/1998 9:19:00 PM
From: Gord Wilson  Respond to of 591
 
Thks Scott,

I went and searched through Edgar and found GIC's submission DEF 14A which describes the mechanics of the deal. They describe a special dividend where the par value is at $.01 per share as part of the distribution. So the brokerage firm has a point. However the amount on the T5 is more like $10 US per share. They go onto say that the tax consequences will be tax free.

I appreciate your response and advice. Next stop the president's office of the brokerage house.

Thks again,
Gord



To: Scott Mc who wrote (172)4/8/1998 10:03:00 PM
From: Gord Wilson  Read Replies (1) | Respond to of 591
 
Hi Scott,
Revenue Canada and Us-Spinnoffs.

Here's the url for the explanation regarding US spin-offs.

rc.gc.ca

I think all Canadian investors should be aware of this ruling. It cost
me a fair amount of money and is making me re-think my investment
plans.

Thks again for your help still a little shell shocked,
Gord


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