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Question
MrBR
I have Brookfield Renewable Partners (BEP) stocks. I received the first quarterly distribution payment yesterday. It was supposed to be USD $0.5425/share. What I received from IG was the distribution split into two payments (one for about USD$0.14/share and one amount for around $USD 0.02/share). So, in the end, I only received 51% of the actually distribution.
I'm in Australia, and to my knowledge, US stocks have a holding tax of 15%. So, why is the payment split into two, and why on earth have I only received half?
BEP is a Master Limited Partnership, and I know MLPs have some different tax rules. Could this be it, or is this an error from IG?
BTW, I've emailed and currently have two mobile phones on hold with IG. Haven't been able to get through all day, and no response to my email.
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