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Enterprise Products Partners L.P. Message Board

going_broke_fast 9 posts  |  Last Activity: Apr 13, 2016 1:47 PM Member since: May 9, 2004
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  • Reply to

    1099's

    by going_broke_fast Apr 1, 2016 10:09 PM
    going_broke_fast going_broke_fast Apr 13, 2016 1:47 PM Flag

    Thanks. TD has responded to tell me a third 1099 will be issued but it's not online just yet. I filed an extension to be safe.

  • Reply to

    1099's

    by going_broke_fast Apr 1, 2016 10:09 PM
    going_broke_fast going_broke_fast Apr 13, 2016 1:11 PM Flag

    Or maybe not. Were the dividends from NSAM qualified or non-qualified. No .pdf on their website to make it clear so I thought the latter, which means TDA got this one wrong also.

  • Reply to

    1099's

    by going_broke_fast Apr 1, 2016 10:09 PM
    going_broke_fast going_broke_fast Apr 12, 2016 8:05 PM Flag

    Looks like third times the charm for TDA. Don't know if I'll get it before the 18th, though.

  • Reply to

    1099's

    by going_broke_fast Apr 1, 2016 10:09 PM
    going_broke_fast going_broke_fast Apr 4, 2016 8:40 AM Flag

    I've done the same thing, been back and forth with TDA half a dozen times already. Sent them the PDF from NRF's website showing the details as well as a spreadsheet showing the proper amounts and dates for my account. The responses from their accounting dept. prove they are still clueless.

  • going_broke_fast by going_broke_fast Apr 1, 2016 10:09 PM Flag

    Anyone else still waiting for a proper 1099 form from their broker concerning the NRE distribution? TDA can't seem to get it quite right.

  • going_broke_fast going_broke_fast Mar 22, 2016 11:22 AM Flag

    'It is imperative that NSAM create a true Strategic Alternatives Committee (the “SAC”) that is officially chartered.'
    I kind of get the feeling we've all, both literally and metaphorically, been given the "SAC" already.

  • Reply to

    Oh Boy, Another S-Load of Form 4's

    by hsterniac Mar 9, 2016 6:14 PM
    going_broke_fast going_broke_fast Mar 10, 2016 7:30 PM Flag

    That's not the entire article, Yahoo cut it off. Search for "NorthStar Aims to Launch Non-Traded Closed-End Fund" to find the whole thing.

  • Reply to

    2015 div

    by no_name_football Mar 10, 2016 6:28 PM
    going_broke_fast going_broke_fast Mar 10, 2016 7:26 PM Flag

    Still waiting for TDAmeritrade to straighten things out. It's a hefty adjustment to cost basis, too.

  • Reply to

    Oh Boy, Another S-Load of Form 4's

    by hsterniac Mar 9, 2016 6:14 PM
    going_broke_fast going_broke_fast Mar 10, 2016 11:32 AM Flag

    NorthStar Asset Management is planning to launch a closed-end fund through which it aims to invest mostly in commercial real estate debt, including subordinate and mezzanine loans and CMBS.

    The publicly registered vehicle, NorthStar Real Estate Credit Fund, on first glance fits the mold of a traditional non-traded REIT. After all, it aims to raise capital for what amounts to a blind pool from individual investors by selling them shares for $10 each, subject to a $4,000 minimum; it will pursue a mix of investments, primarily involving real estate debt and securities, and aims to have a liquidity event five years after it completes its stock offering.

    In addition, a NorthStar affiliate will be getting an 8 percent upfront fee to cover sales commissions and organizational expenses. That compares with the typical 10 percent that sponsors of traditional non-traded REITs charge. It will also charge an annual management fee equal to 2 percent of gross assets.

    But the vehicle, a Delaware statutory trust, is structured as a closed-end management investment company, not a REIT. NorthStar, in a regulatory filing, said the structure was most appropriate given the vehicle's long-term nature. What's more, the closed-end structure should allow financial advisers to sell shares to individuals through their retirement plans, such as IRAs, Keogh accounts and health savings accounts.

    Under a pending Department of Labor rule, fiduciary responsibilities would be applied duties to anyone selling non-traded REITs, essentially prohibiting the sale of the instruments to individuals through their retirement accounts.

    Because NorthStar Real Estate Credit is registered as an investment company, not a non-traded REIT, that will invest in a master fund that will make investments, the entity should be able to sidestep the fiduciary rule.

    It is the first such vehicle pursuing real estate investments to adopt a structure that would allow it to live under the proposed Labor rules. Others have

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