Q: I have 400 BAM.A in a taxable account that I am slightly above water on.
If I am understanding correctly I will receive 8 BBU.UN in “stock dividends”.
I don’t have much use for an 8 share position and would just sell them.
I am very tempted to avoid the “Pain In The But” that dealing with the tax consequences would entail for a very small transaction.
I am tempted to just sell my BAM.A, sit on the Cash and after this gets done possibly repurchase my shares.
My commissions to buy and sell would be $20. The tax consequences would be minimal and I have losses to offset that.
I do like BAM.A for a Long Term investment and the risk would be that the share price could get away on me before I can buy them back without this “stock dividend”. If it does I could look for something else.
If I do this what would be the first date that I could buy BAM.A without the “stock dividend”?
If I am understanding correctly I will receive 8 BBU.UN in “stock dividends”.
I don’t have much use for an 8 share position and would just sell them.
I am very tempted to avoid the “Pain In The But” that dealing with the tax consequences would entail for a very small transaction.
I am tempted to just sell my BAM.A, sit on the Cash and after this gets done possibly repurchase my shares.
My commissions to buy and sell would be $20. The tax consequences would be minimal and I have losses to offset that.
I do like BAM.A for a Long Term investment and the risk would be that the share price could get away on me before I can buy them back without this “stock dividend”. If it does I could look for something else.
If I do this what would be the first date that I could buy BAM.A without the “stock dividend”?