Replies to post #308 on InfraCap MLP ETF (AMZA)

[jugs]

Frankly I leave all tax considerations to my CPA. I never discuss taxes or related items.

Sorry.

I can say this much: I hold 54,500 units of NGL paying a very secure $1.56/year distribution per unit. This is classified as a return of capital and is thus free of taxation until such time as I no longer have my seed investment coming back to me. I think of it as rental income in a way.

I can add that NGL has asked its creditors for their endorsement of a share buyback in the amount of $150,000,000. There will be an 8-K issued announcing approval of the BOD proposal. This will effectively reduce the number of issued units by nearly 17,000,000. The bottom line impact will be considerable.

I added a thousand units today, taking advantage of the irrational market's bloodbath.