Portage Biotech Inc. (PRTG)

[bbhuey]

Hi

I am wondering if anyone knows how the treatment for the stock dividend is treated for U S shareholders.

I have it treated as a taxable spin off by Etrade
treating it as a non qualified dividend and then
Computing the gain or loss on it
the portage information statement dated
January 5, 2018 talks about this as qualifying as
as a passive foreign investment company.
in which you have to make on of three elections
but maybe able to escape this if you owned less than $25 K of Portage