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al44

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al44

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Re: Superbee383 post# 159215

Wednesday, 02/18/2009 1:41:12 PM

Wednesday, February 18, 2009 1:41:12 PM

Post# of 202893
I think the taxman may have had something to do with it. If you owned some dividend paying stocks and owned the certs, the divi was paid directly to you, not thru the broker. Some countries ( I don't know which off hand ) would not notify the IRS about the payouts. It's called tax free dividends, LOL. With the certs in name only at the TA, the divis will be reported to the brokerage hence the IRS also gets notified.

.......al

I may not agree with what you say, but have fought and will continue to fight for your right to say it. USArmy 1966-1975

Best info board on Ihub:

http://investorshub.advfn.com/boards/board.aspx?board_id=14130

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