I believe that PGH mgt. will maintain the CDN 22 cent dividend for at least 6 mo's. Judging from their past history they are conservative in their payments and don't like to surprise investors. Assuming they keep their payments steady, and I believe they will, then the only variation will be in the exchange rate. The popular consensus is that the U.S. $ will fall, so a falling $ and steady payments in CDN $ is good for U.S. investors.
Btw you may want to consider buying Acclaim under the symbol ACNJF as another CDN oil/gas trust.
22 CDN cents equals 17 U.S. cents.
There is no tax witholding, you are just seeing the difference between U.S.$ vs. CDN $.
That was an honest mistake, glad you are calling Fidelity. Good luck.
well lets see....I'm on the phone w/Fidelity as we speak...because it was .17 and not .22 p/share....and i'm stating the facts as I see it not as is to be interpreted...I didn't think it should be taxed..and it was done the same way in both my Roth and Trad IRA
fourtrax, "Wrong. The tax on the div is w/held before it goes in...better check again."
You are either a liar or are misinformed.
There are NO taxes witheld in a qualified U.S. IRA account for PGH distributions. I can personally attest to that as well as at least a dozen other posters on this board.
The brokerage house can manage this based on the efficacy of the DTC that they are dealing with. PGH is DTC eligible and has no Canadian TAX witholding for an IRA account.