oh heres the kicker....for each 1000 shares of (NGLS) your tax will be $3000 in 2017....what a good MERGER huh ?
well let me see if i understand you correctly ? you bought them in 2011, and you enjoyed 5 years of tax free distributions....but you failed to sell in june of 2014 @ $71 and the spike on the 19th to $81.55 ? are you following me so far ? and now due to the merger, you've lost your tax fee status....you've gotten what amounts to a REVERSE stock-split, and your new dividends are taxed as ordinary income....your 620 new shares of (TRGP) are valued at the market price of today, substantially lower than your cost basis....and the .38 remainder that your supposed to receive in cash from your .62 of a share is going to be peanuts, based on the last 5 trading days average of (NGLS) !
i fail to see the convoluted logic in all that ? you'll be lucky to get your original investment back in hmmmm....maybe 10 years ? you must be a very young person ?
if we dont vote NO on this merger proposal, we are all going down ! the worst horror show ive ever heard of ! absolutely right if they cut the div. temporarily, it would have been much better...