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Investors & landlords
Thank you James!
In doing more research, I found a reference in another broker to rights being offered but not registered under the US securities law, so the manager of the stock was not permitted to pass the rights on to the holders. As a result, the broker “sold the rights in the local market and the proceeds from the sale of the rights, net of fees and expenses, are being distributed.”
In reading this, I’m assuming the same thing happened to me- got a distribution. I even wondered if using a 1099-B was the best form to have given me, instead of a 1099-DIV
March 27, 2025
2:43 PM