So you're getting a non-taxable gain of $3.50/SIAF share in the US? Doesn't make sense.
What I read from your rules, in the US, is that stock dividends usually (like this one) is not taxed. But this is not a stock dividend IMO. It's a spin-off.
I should be telling you now to get some professional advice on this. And that is what the company will do. But I think that's how it will play out. And then $3.50 becomes the basis for when you sell your Triway shares, so you don't pay tax twice.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.