InvestorsHub Logo
Followers 12
Posts 359
Boards Moderated 1
Alias Born 01/27/2021

Re: None

Wednesday, 04/17/2024 1:09:40 AM

Wednesday, April 17, 2024 1:09:40 AM

Post# of 110983
For those of you who bought last October using non-US brokerages for 0.01 USD per share when liquidity erupted for the 4 LBHcapital Trust PFD shares, Scotia's "iTrade" has been making excuse after excuse why they haven't yet transferred the shares I've accrued from that doorway to my US brokerage. What a bunch of bs. Eventually they will have to repatriate shares but I have no doubts they would love for that cash to show up in their Canadian brokerage account and the gov't that runs all of Canada's financial institutions more or less is hoping for their cut in possible "capital gains" which US held assets would not charge "capital gains" due to the nature of the issuer as a Delaware Statutory Trust. Basically the only way you pay tax from any capital gains on these shares/dividend tax is if you hold your account as a resident of Delaware or a Delaware registered corporation/partnership. I use an LLC registered in Arizona for my brokerage accounts in the US. That is where my Lehman shares are headed. To hell with Trudeau and them pulling every excuse out of their butts to keep these shares in the final months of these bankruptcy payouts/CH 11 freezing to try and snipe capital gains from US citizens!

Also a good sign as to why they were such dicks about filling shares for 2 years but also why they'd even bother to pull these stunts to keep shares in Canada long as possible. Sorry but they will be home one way or another. ;)
Bullish
Bullish