Tue, Sep 30, 2014, 9:58 AM EDT - U.S. Markets close in 6 hrs 2 mins

Recent

% | $
Quotes you view appear here for quick access.

Whiting USA Trust II (WHZ) Message Board

donf22 4 posts  |  Last Activity: Aug 13, 2014 1:10 PM Member since: Jul 27, 2011
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reverse splits allocate the same value of the company over a smaller number of shares. If your holding represents 1.0% of the value of a company before a reverse split, you still own 1.0% after. In NRZ's case going from a below $10 stock to above makes it eligible to be held in a large number of accounts that do not hold stocks below $10.00 in value. This could increase the number of buyers and the stock price.

  • The transfer from KMR to KMI means that holders will receive a K-1 with some UBTI - Unrelated Business Taxable Income. This could be a positive or a negative number. If held in an IRA there are tough tax payments required if total UBTI in the account exceeds $1,000 per year. Could somebody please look at their K-1 for KMI for last year and post the UBTI per share? This can be found on the front page of the K-1, item 20 at the right hand side, with the letter V as in Victor in the small box and a number to the right. Divide this dollar amount by your number of shares(units) and you have the UBTI per unit. Much thanks.

  • The transfer from KMR to KMI means that holders will receive a K-1 with some UBTI - Unrelated Business Taxable Income. This could be a positive or a negative number. If held in an IRA there are tough tax payments required if total UBTI in the account exceeds $1,000 per year. Could somebody please look at their K-1 for KMI for last year and post the UBTI per share? This can be found on the front page of the K-1, item 20 at the right hand side, with the letter V as in Victor in the small box and a number to the right. Divide this dollar amount by your number of shares(units) and you have the UBTI per unit. Much thanks.

  • Reply to

    comments please on conversion

    by smulloy98 Jul 28, 2014 11:07 AM
    donf22 donf22 Jul 28, 2014 3:02 PM Flag

    This is not a new action. It is the unwind of bonds issued earlier with terms that resulted in this per share pricing with perhaps a premium to get the transaction done two years early. Hopefully this will be refinanced at low rates.

WHZ
12.2725+0.0725(+0.59%)9:58 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.