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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: E who wrote (3909)5/31/1998 7:02:00 PM
From: Joe Copia  Read Replies (1) | Respond to of 25711
 
except that it's wordsmithing that matters, since a
"dividend" is a taxable event, but a "split" isn't.

Also, the "dividend" would have to wait til Oct 1999 for conversion.

The Oct, 1998 conversion date may not ever happen when and if it ever comes to a vote. I will vote "NO" to a conversion.

Joe PTG&LI !!!



To: E who wrote (3909)6/1/1998 9:21:00 AM
From: Beverley Davies  Respond to of 25711
 
It's very rare that stock dividends are taxable events. Stock dividends are handled just like a stock split for tax purposes.

Beverley


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