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iShares FTSE NAREIT Mort Plus Cp Idx Message Board

ltbhdollars 1414 posts  |  Last Activity: Aug 31, 2012 1:03 PM Member since: Jan 9, 2003
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  • Reply to

    Run up

    by sogusm Aug 16, 2012 12:41 PM
    ltbhdollars ltbhdollars Aug 31, 2012 1:03 PM Flag

    Latest results and CC were less than stellar and this stock has always been subject to day traders/shorts from time to time ... would guess they have been banging on it since CC and will really hit it if no split this year.

    Above are just my thoughts. I continue to be overweight in VGR.

    Luck
    LTBH

  • Reply to

    Run up

    by sogusm Aug 16, 2012 12:41 PM
    ltbhdollars ltbhdollars Aug 30, 2012 6:35 PM Flag

    VGR pays .40 per quarter cash dividend. In addition, in the past for Sept, the board has also declared a nontaxable cash stock split of 5%. This stock split is NOT guaranteed to happen for any specific year.

    IMO, the current price spookieness for VGR centers around the question of whether this split will be declared this year.

    Additionally, you may have read some posts about how Sept dividend is shown as .38+ by some sites ... its .40 based on your current holdings but if you calculate based on current holdings plus the slpit its .38+.

    Hope this helps clear the air for you

    Luck
    LTBH

  • I have held VNR since 2009 and ENP a bit less time. Last year I sold ENP, added to VNR and later sold VNR and purchased ENP on the same day.

    These machinations were all driven by price discrepancies between the two stocks. I effectively always maintained a position in VNR , including after the merger.

    So the merger happened, I continued to have a VNR position .... and the tax man cometh.

    This is the reason I am posting, I have my 2011 return and uncles refund check now in hand (I always file late to eliminate those unwelcome 1099/K-1 corrections).

    Since VNR does not shield its distributions to as great an extent as many MLP/LLCs, I did not suffer a big tax bite from the various recaptures as anticipated.

    Message is to not be so driven by tax owed fears that you overlook the fact that different MLPs may have very different tax consequences upon sale.

    LUCK
    LTBH

    PS FWIW, my purchase cost on the sold VNR units was $5.31 and cap gains I could mitigate but recaptureds were my concern.

    I continue to hold a full VNR position and have made 2 small adds this year. I still like VNR and its management and now with monthlies ... what's not to like!

  • ltbhdollars by ltbhdollars Aug 14, 2012 4:24 PM Flag

    This should help keep this refinery a better profit center "Crude oil feedstocks sourced primarily from Canada."

    Nearby cheap feedstock.

    Luck
    LTBH

  • Reply to

    Dividend Type

    by ltbhdollars Aug 7, 2012 12:21 PM
    ltbhdollars ltbhdollars Aug 12, 2012 11:42 PM Flag

    TY, I had read the linked info prior to my post but have always found it reassuring to hear what folks actually had declared in their 1099s ... were you indicating your 1099 info rather than quoting the website??

    Luck
    LTBH

  • Reply to

    Questions

    by ferdinandoc Aug 7, 2012 10:22 AM
    ltbhdollars ltbhdollars Aug 7, 2012 10:12 PM Flag

    Worst yet, these guys tend to break up a company and sell the parts as it nets them more bucks and typically the reason for purchase in first place.

    Sure wish there was some clarity on various impacts of Ichans purchase and intentions.

    Luck
    LTBH

  • Reply to

    Questions

    by ferdinandoc Aug 7, 2012 10:22 AM
    ltbhdollars ltbhdollars Aug 7, 2012 8:18 PM Flag

    I believe the concern as to what Ichan does with the parent (CVI) is well warranted. I know I have postponed opening a UAN position due to uncertainty as to whether UAN will have parent feedstock issues.

    I continue to monitor this board and have been surprised at the lack of discussion of this issue.

    Would love to read some ongoing discussion of same.

    Luck
    LTBH

  • Reply to

    Dividend Type

    by ltbhdollars Aug 7, 2012 12:21 PM
    ltbhdollars ltbhdollars Aug 7, 2012 7:55 PM Flag

    Thx for your reply.

    First let me apologize for a sloppy (rushed) Subject Title, in that REM pays a distribution which could have income, interest, short and long term gain components, as well as ROC.

    Of course each of these carry their own tax classification, I am concerned with what would be the REIT income component.

    You may not know that a Regulated Investment Company or RIC is a mutual fund or real estate investment trust that is eligible to pass the taxes on capital gains, dividends, or interest payments onto the clients or individual investors.

    FWIW, both mReits and BDCs are RICs and consequently pass on the full taxability of any payments to their individual investors ... in this instance all REMs holdings pass on the tax consequences to REM.

    Since I am not familiar with REM, my question was whether REM's tax structure allows it to recharacterize payments made by its holdings from non qualified to qualified.

    Asking same question in a different manner ... are your REM payments classified as qualified or not??

    TIA
    LTBH

  • ltbhdollars by ltbhdollars Aug 7, 2012 12:21 PM Flag

    Are REM dividends just pass through and taxed as REIT dividends or are they qualified since paid by an ETF??

    TIA
    LTBH

  • ltbhdollars by ltbhdollars Aug 7, 2012 10:29 AM Flag

    Anyone found the link for today's CC??

    Is so where or plz post here.

    TIA
    LTBH

  • Reply to

    Anyone care about the policy?

    by ruby.thedyke Aug 2, 2012 9:15 AM
    ltbhdollars ltbhdollars Aug 2, 2012 5:53 PM Flag

    IIRC, in the past they have mentioned 1.3ish (for the year) as desirable but this is a dynamic MLP and it will vary due to commodity prices, CAPEX needs and acquisitions so IMO you're looking for a fixed number when its rteally a moving target.

    Of note was todays' CC mention of bringing the leverage back below 3x and this means a temporary larger cut of the cash flow I would believe.

    Luck
    LTBH

  • Reply to

    Anyone care about the policy?

    by ruby.thedyke Aug 2, 2012 9:15 AM
    ltbhdollars ltbhdollars Aug 2, 2012 10:12 AM Flag

    What specifically did you "not like about the numbers"?

    We knew the Appalachia exchange would cause a production hit and CAPEX spending together with the Antero acquisition should address both production and reserve growth.

    So it seems a matter of a couple of Qs for the digestion of this "largest" acquisition until we're before the wind with full sail.

    As to management, I also feel they are actively pursuing all avenues which allow transparency to the shareholder.

    As to monthlies, all things be equal between 2 choices, I'll buy the one paying monthly ... so I vote with management on that one.

    Luck
    LTBH

  • Reply to

    Correct Div Amount

    by ltbhdollars Jul 24, 2012 9:56 AM
    ltbhdollars ltbhdollars Jul 24, 2012 10:08 AM Flag

    Website incorrect, very poor website authoring, no fact checking.

    Found in old PR:

    10.1525 cents per share for May 2012 (record date of May 31, 2012 and payment date of June 22, 2012);

    10.1550 cents per share for June 2012 (record date of June 29, 2012 and payment date of July 24, 2012);

    10.1575 cents per share for July 2012 (record date of July 31, 2012 and payment date of August 24, 2012); and

    10.1600 cents per share for August 2012 (record date of August 31, 2012 and payment date of September 21, 2012).

    Luck
    LTBH

  • ltbhdollars by ltbhdollars Jul 24, 2012 9:56 AM Flag

    Prospect website lists dividend increased from $.1015 to .1016 for the July payment.

    Unfortunately no phone access to IR .... so can anyone confirm the website is incorrect and the correct amount is actually $.10155.

    TIA
    LTBH

  • Reply to

    Shareholders- am I right?

    by dudesbag Apr 24, 2012 11:11 AM
    ltbhdollars ltbhdollars Jun 15, 2012 9:15 AM Flag

    Although I have held a sizeable position for a number of years, the dabbling in RE has always been a concern to me and I believe a diversion which dilutes managements focus on core business.

    Owning the NY Broker is one thing, the constant purchase of distressed RE is quite another.

    Also seems they are always mentioning losses sorta under the breathe when questioned on a particular entity.

    I know the great buys at discount are often mentioned on CCs but wonder that if averaged over time, whether RE really hasn't been a consistent loser.

    I admit that in VGRs case, I have allowed the total distribution to overshadow my rule on management vision, focus and execution .... I feel RE confuses and confounds these in VGRs case .... kinda like the old USTs constant dabbling in outside stuff while losing core business share, last of which was wine.

    My 2 cents
    Luck
    LTBH

  • Reply to

    General Partner getting 50% of distributions?

    by mildoc3 Jun 3, 2012 3:54 PM
    ltbhdollars ltbhdollars Jun 11, 2012 9:38 AM Flag

    Believe the reply to a questioner was the DCF would be near .20 DCF per unit rather than 30 something... should my memory be correct, this is good news but I do not remember any commitment that any or all of this would be passed onto unit holders via a distribution increase.

    Luck
    LTBH

  • ltbhdollars by ltbhdollars Jun 8, 2012 7:25 AM Flag

    in last 9 months.

  • Reply to

    General Partner getting 50% of distributions?

    by mildoc3 Jun 3, 2012 3:54 PM
    ltbhdollars ltbhdollars Jun 6, 2012 10:05 AM Flag

    IIRC (and my memory can get fuzzy at times), the GP is private, closely held and by family members, just as CLMT is family run.

    I am and have been a sizable holder for couple years but one of my major concerns is and has been the lack of transparency and number of family self dealings between CLMT and their other private interests.

    Luck
    LTBH

  • Reply to

    conf call

    by lessbs Jun 4, 2012 12:32 PM
    ltbhdollars ltbhdollars Jun 4, 2012 2:01 PM Flag

    "conference call to discuss this transaction on June 6, 2012"

  • Reply to

    ROYT

    by lizahuang54321 Apr 26, 2012 10:18 AM
    ltbhdollars ltbhdollars Apr 27, 2012 12:10 AM Flag

    Additionally, IIRC ... shareholders will only have rights to 20% of any new production, however I did not see what cost splits would be on maintenance or new production.

    If my guess is correct, then the cost split will be much higher than the 20% rights ... if so this will be an IPO lopsidedly for the benefit of the private holders benefit, as so many are.

    Luck
    LTBH

REM
12.63-0.03(-0.24%)Jul 24 3:59 PMEDT

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