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Energy Transfer Partners, L.P. Message Board

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  • dar200 dar200 Nov 21, 2011 1:05 PM Flag

    Calling all DRIP investors

    Fidelity posted within the last hour drip shares are dated 11/14.

    Fidelity grossed up the discount to record a higher distribution and a higher drip price. All this does is decrease the tax basis of the distribution-paying lots and increase the tax basis of this drip lot by the same amount. This is correct as a matter of tax law but is meaningless to retirement accounts.

    On a cash basis, the drip shares cost me, per share:
    in 3 different accounts.

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