That's what I thought too ..
But there's nothing on the ACE web site to verify that ..
ACE is a member of the S&P500 ..
Anyone know one way or the other what the dividend with holding rules are for this stock ??
Couldn't find anything on the corporate web site ..
The company is 'domiciled' in Switzerland, so I would assume that Swiss dividend with holding
rules would apply to US shareholders ..
From the MDT web site ..
Medtronic plc has established tax residence in Ireland, and as such, dividends are considered Irish source income and Irish dividend withholding tax (“DWT") rules apply. Beginning with the dividend payable on April 15, 2015 payments will be subject to an Irish withholding tax of 20% of the amount of each dividend unless the shareholder that is beneficially entitled to the dividend is a resident of the United States or a resident of a country listed as a “relevant territory”, and has ensured that the required information is on file with their broker, bank, qualifying intermediary or transfer agent (see below for more detail). With these rules, the vast majority of Medtronic shareholders and beneficial owners are entitled to an exemption from DWT. The full list of relevant territories can be found by clicking on this link: Relevant Territories.pdf
Shareholders and beneficial owners who are not residents of a relevant territory are generally subject to DWT. There are limited exceptions, however, and if you are not a resident of a relevant territory, you should consult your tax advisor.
Beneficial U.S. Shareholder DWT Exemption Requirements:
U.S. resident shareholders that are beneficial owners of Medtronic plc shares held in the Depository Trust Company (“DTC”) through a bank, broker or qualifying intermediary, must have a valid U.S. address on the records of their bank, broker or qualifying intermediary on the record date of the dividend to be exempt from DWT.
Registered U.S. Shareholder DWT Exemption Requirements:
U.S. resident shareholders with shares registered directly with Medtronic’s transfer agent, Wells Fargo Shareowner Services , that have a U.S. address on file and held shares of Medtronic, Inc immediately prior to the completion of the Covidien transaction on January 26, 2015 will be exempt from DWT for a period of one year beginning from the shareholder vote on January 6, 2015. Beginning January 6, 2016, these U.S. registe
Just one other thought ..
"A" shares must be impossible to borrow for a short sale ..
Every arb on the planet would be long "B" and short "A"
given the existing +9% premium ..
I've tried and can't locate any "A" shares to short ..
Still doesn't explain the premium in the first place though ..
I have no idea why the premium is so high at the moment ..
When I originally bought my "A" shares they were selling
at a 2% discount to the "B" shares ..
Switching from "A" to "B" has netted almost 10% more shares ..
If "A" shares ever sell at a discount to "B" in the future I
would make the same trade again ..
Other than "voting rights" there is no reason for "A" shares
to trade at such a large premium to the "B" ..
"This is it"
It says here that a bolt of lightning will strike the clock tower at precisely 10:04 PM
this coming Saturday night !!
If we can somehow capture this lightning and channel it into the flux capacitor
we'll send you back to the future !!
( When MNKD was trading for more than a 5 spot ) ..
"Why the drop"
1) Worries about future direction of interest rates
2) Vogtle's new nukes timeline keeps getting pushed back
3) SO's cost estimates for new nukes keeps rising