InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,487.03
(
0.25%
)
US TECH 100
19,430.40
(
0.14%
)
Dow Jones
38,834.86
(
0.15%
)
Brent Oil
85.17
(
0.45%
)
Bitcoin
65,057.84
(
-0.12%
)
Post# of 42851
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

Chiron

Send PM Follow Ignore
Followers 534
Posts 36408
Boards Moderated 1
Alias Born 09/08/2008

Chiron

Member Level

Re: NASCOW post# 32543

Thursday, 05/12/2011 2:50:36 PM

Thursday, May 12, 2011 2:50:36 PM

Post# of 42851
**Here's the thing... if there is going to be a significant distribution for opting in for releases you send in the w-9 and they take the 28%.

Now lets say you've been holding shares LT, and your tax rate is 15%. Why wouldn't you just sell them on the news? If by some miracle the hedgies said we're giving up xx amount to make preferreds worth 50% of FV... they would run to close to that level. Sell and be done with it and pay 15%
Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

Join the InvestorsHub Community

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.

Sign Up