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Enerplus Corporation Message Board

  • InspectorT InspectorT Jun 24, 2003 10:40 AM Flag

    Acclaim and Fido

    The following may be of interest to those who hold Acclaim in taxable accounts:

    The distributions from Acclaim (ACNJF) that appeared in my Fido TAXABLE accounts Friday showed tax withheld. Yesterday I went to my local Fido office and discussed it with my Premium Rep. Not surprisingly, he didn't have much of a clue, but put me on the phone with the Corrections Dept (not sure, but don't think it is located at Attica). The woman with whom I spoke kept wanting to talk about how CRT distributions "generally" work. I explained the difference with Acclaim (i.e., 100% ROC) and gave her the website with the press releases. She said she would look into it with Fido's tax folks and foreign specialists.

    I just got a call from "Corrections" and was told there was a slip up caused because of the new CUSIP created upon the reverse split, that I was correct that no tax should have been withheld, and that an adjustment has been made to my accounts. I just checked, and I have been made whole.

    If you have Acclaim in a taxable Fido account, you kght want to check out your distribution.

    The Inspector

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