pursuant to the 2013 Redemption Offer have a single USD net asset value based upon exchange rates at the relevant date.
44 Series, with 249,850 outstanding shares, which will be redeemed
The proposed regulations had set forth a general rule that, in any case in which the amount received in a redemption was treated as a dividend, the basis for the redeemed
stock would not shift to other shares owned by the redeemed
shareholder, or to shares owned by another person whose stock ownership would be attributed to the redeemed
Even then, fewer than 2 percent of coupons were redeemed
, reflecting the attitude among many consumers that the chore of clipping and redeeming coupons is not worth the effort.
Series M7 - 640 shares, rated 'AAA', redeemed
on May 18, 2010.
301(c)(2), if the distribution exceeds E&P, it is a return of capital up to the shareholder's basis in the redeemed
In 1988, Moriah redeemed
Joann's stock; she reported a capital gain on her 1988 tax return.
On or after the Redemption Date interest on the Debentures called for Redemption will cease to accrue (in the case of a partial redemption of a Debenture, interest will cease to accrue on the redeemed
principal amount thereof) and all rights of the holders with respect to the Debentures to be redeemed
in full with cease except the right to receive the Redemption Price and accrued interest.
In a corporate redemption, the transaction is normally treated as an exchange under Interal Revenue Code section 302(b)(3), which covers transactions in which the redeemed
shareholder's proprietary interest in the corporation is completely terminated.
The amount of ARPS being redeemed
at this time varies by fund and ranges from 0.
Characterization as a complete redemption allows the redeemed
shareholders to fully use their stock basis to recover a portion of the corporate distribution as a tax-free return of investment.
80 to purchase one Common Share at any time until September 29, 1996, unless earlier redeemed