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Gyrodyne, LLC Message Board

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  • jawahlstr jawahlstr Dec 3, 2012 11:16 AM Flag

    Ex div date, announce shareholders owning Dec 1, I see now Ex Div date 17th of Dec ?

    This is very confusing. Nothing on GYRO site to clear it up. What is the last date you can buy and get the $38 special divi? Is "return on capital treated as a capital gain?

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    • "What is the last date you can buy and get the $38 special divi?"

      12-14.

      "Is "return on capital treated as a capital gain?"

      No, return of capital is a tax-free event. However, return of capital reduces your basis in the stock, so there will be more capital gains taxes to be paid when you sell, unless you sell for a loss, in which case there will be less of a capital loss.

      • 1 Reply to cwn600
      • AOL did the same,,,,,, I prefer the Dividend rate of 15%, this stinks as AOL announced this just last week! So the same here, return on capital? I was not aware. I mean a great payout. From the lawsuit won earlier in the year, paying out 90%, the executives I am sure will make out. Not a lot of insider ownership, look and you see al selling after the win. Worries me a little.....

 
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