Long POET since first tranche in April 2022. Too early, but continued to build to what is now an obesely overweight position in common and POET 01/15/2027 5.00 calls. Expect to sell the calls and perhaps the lion's share of the position as they get their 15 minutes in the not too distant future...
The PFIC filing is a PITA. We've already extended so will add a Form 8621 choosing the QEF option once the AIF is filed.
Apparently, even with a re-domicile to the US the PFIC is still in effect effecting future realized gains.
Long POET since first tranche in April 2022. Too early, but continued to build to what is now an obesely overweight position in common and POET 01/15/2027 5.00 calls. Expect to sell the calls and perhaps the lion's share of the position as they get their 15 minutes in the not too distant future...
The PFIC filing is a PITA. We've already extended so will add a Form 8621 choosing the QEF option once the AIF is filed.
Apparently, even with a re-domicile to the US the PFIC is still in effect effecting future realized gains.
I would suggest “The second is a matter of time and execution, at a competitive cost.”
Nice analysis, thanks, my first thoughts on the tax question:
The bears use book value but market cap is needed for the calculation so in that case it does not qualify (nfa)