Jump to content
  • 0

Store Capital Random Transactions


LLD

Question

Posted

I have about a dozen random transactions on my account referencing Store Capital. Funds are debited that look like old dividend payments being reversed then about 4 or 5 days later funds are credited to my account referencing a Store Capital dividend but the amount credited back is always less than what was debited. Why is this? And who is holding the difference in amount?

I contacted Store Capital and they advised they have made absolutely no change/reclassification to any dividends.

 

1 answer to this question

Recommended Posts

Posted

Hey. 

This stock has gone through an income reclassification process which the underlying company has initiated. Income reclassification refers to changes companies make to all or part of previously reported dividend income to some other tax classification. The process is as follows: 

  • A dividend is a distribution of a company’s earnings and profits.
  • A distribution by a corporation is taxed as a dividend to the extent of the corporations' earnings and profits, and any distribution in excess of the earnings and profits is generally a non-taxable return of capital.
  • In some cases, a company may have paid out more in distributions than it earned during the year.
  • In this situation, all or part of the distribution may be reclassified from a taxable dividend to a return of capital which is generally non-taxable.
  • A dividend may also be reclassified in other ways (i.e. the reallocation of ordinary dividends to tax-qualified dividends or dividends to capital gain distribution (for mutual funds)

This means the dividend adjustment have had to be CONTRA'd (reversed) and reissued under the companies newly classified valued.

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • TASI Index Elliott Wave Analysis Trading Lounge Day Chart TASI Index Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Gray wave 3 Position: Orange wave 3 Direction Next Lower Degrees: Gray wave 4 Details: Gray wave 2 is complete. Gray wave 3 is now active. Wave Cancel Invalid Level: 11324.751 The Elliott Wave analysis for the TASI Index daily chart from Trading Lounge highlights a bullish trend, with the current movement following an impulsive wave pattern. Gray wave 3 is identified as the primary wave in progress, indicating strong upward momentum. Positioned within orange wave 3, this structure aligns with a broader bullish perspective, reflecting continued positive sentiment in the TASI Index. The completion of gray wave 2 has paved the way for gray wave 3 to develop. Wave 3 is typically characterized by the strongest and most sustained momentum in the Elliott Wave cycle. The current position of gray wave 3 within orange wave 3 further supports the bullish outlook, with expectations for continued price increases as gray wave 3 unfolds. A critical invalidation level is set at 11324.751, serving as a key reference point for the wave structure. If the TASI Index drops to or below this level, the current Elliott Wave analysis would be invalidated, indicating that the bullish trend may not persist. This could suggest a shift in market direction or the beginning of a corrective phase, necessitating a re-evaluation of the wave structure. Summary The analysis supports a bullish outlook for the TASI Index, with gray wave 3 actively driving the upward trend within the framework of orange wave 3. Traders should closely watch movements near the invalidation level at 11324.751, as a break below this point could challenge the bullish trend, signaling a potential reversal or correction. This level is a critical benchmark for assessing the integrity of the ongoing bullish structure.   TASI Index Elliott Wave Analysis Trading Lounge Weekly Chart TASI Index Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange wave 3 Position: Navy blue wave 3 Direction Next Lower Degrees: Orange wave 4 Details: Orange wave 2 is complete. Orange wave 3 is now active. Wave Cancel Invalid Level: 11324.751 The Elliott Wave analysis for the TASI Index weekly chart from Trading Lounge reflects a bullish trend, driven by an impulsive wave structure. Orange wave 3 is currently developing within the broader navy blue wave 3 framework, signaling strong upward momentum. The impulsive nature of this wave structure supports a sustained positive outlook, with potential for additional gains as orange wave 3 progresses. The completion of orange wave 2 has set the stage for the advancement of orange wave 3, which is a critical phase within the Elliott Wave cycle. Wave 3 typically represents the strongest and most dynamic movement in the trend, often characterized by significant upward price action. The alignment within navy blue wave 3 further reinforces the bullish outlook, suggesting continued positive momentum. A vital invalidation level is set at 11324.751, acting as a key point of reference for this analysis. Should the index fall to or below this level, the current wave structure would be invalidated, potentially indicating a trend shift or the start of a corrective phase. This level serves as a benchmark for traders to evaluate the strength and sustainability of the current bullish trend. Summary This analysis indicates a bullish trajectory for the TASI Index, with orange wave 3 driving the upward trend as part of the larger navy blue wave 3 structure. Traders are advised to observe the index closely concerning the invalidation level at 11324.751. A decline below this threshold could signal a possible reversal or a need to reassess the trend structure. This level is critical for validating the continuation and strength of the ongoing bullish movement. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!  
    • GBPUSD Elliott Wave Analysis Trading Lounge British Pound/U.S. Dollar (GBPUSD) Day Chart GBPUSD Elliott Wave Technical Analysis Function: Bearish Trend Mode: Impulsive Structure: Navy blue wave 1 Position: Gray wave 1 Direction Next Higher Degrees: Navy blue wave 2 Details: Navy blue wave 1 remains active. Wave Cancel Invalid Level: 1.34351 The Elliott Wave analysis for the GBPUSD daily chart from Trading Lounge highlights a bearish trend in the currency pair, driven by an impulsive wave structure. The current analysis identifies navy blue wave 1 as ongoing, signaling a continuation of the downward momentum within the broader bearish framework. Currently positioned in gray wave 1, this impulsive movement suggests further price declines as the wave structure develops. The unfolding of navy blue wave 1 underscores the likelihood of sustained bearish pressure on GBPUSD, consistent with the broader trend direction. The impulsive nature of the wave structure indicates strong, directional moves, supporting expectations for additional downside. An invalidation level is set at 1.34351, representing a crucial point in the analysis. A price movement to or above this level would invalidate the current wave structure, signaling a potential reversal or the start of a corrective phase. Such an event would prompt a re-evaluation of the Elliott Wave analysis. Summary This analysis reinforces a bearish perspective for GBPUSD as navy blue wave 1 progresses within the impulsive structure of gray wave 1. Traders should closely monitor price action near the invalidation level of 1.34351. A break above this threshold may indicate a reversal or necessitate a reassessment of the wave structure, deviating from the current bearish trend outlook.   British Pound/U.S. Dollar (GBPUSD) 4 Hour Chart GBPUSD Elliott Wave Technical Analysis Function: Bearish Trend Mode: Impulsive Structure: Orange wave 5 Position: Navy blue wave 1 Direction Next Higher Degrees: Navy blue wave 2 Details: Orange wave 4 appears completed. Orange wave 5 of navy blue wave 1 is active. Wave Cancel Invalid Level: 1.30099 The GBPUSD Elliott Wave analysis for the 4-hour chart from Trading Lounge identifies a bearish trend in the currency pair, marked by an impulsive wave pattern. Orange wave 5 is currently unfolding as part of the larger navy blue wave 1, signaling continued downward movement. Following the apparent completion of orange wave 4, orange wave 5 has commenced within the impulsive framework of navy blue wave 1. Typically, wave 5 represents the final phase of an impulsive trend, reinforcing the bearish momentum and increasing the probability of further downside in GBPUSD. The analysis highlights a critical invalidation level at 1.30099. If the price moves to or above this point, the current wave structure would be invalidated, indicating a potential trend reversal or the start of a corrective phase. This invalidation level is a vital reference for confirming the bearish trend. A breach of this level could challenge the current analysis, necessitating a reassessment of the wave structure. Summary This analysis supports a bearish outlook for GBPUSD, driven by orange wave 5 within navy blue wave 1. Traders should closely monitor price movements near the invalidation level at 1.30099. Any rise above this threshold may suggest a reversal or a shift in the wave structure, impacting the overall bearish trend projection. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!  
    • ASX: SCENTRE GROUP – SCG Elliott Elliott Wave Technical Analysis TradingLounge Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with SCENTRE GROUP – SCG. We are seeing a potential bull market with wave 3-grey of SCG.ASX, but it needs a little more time. ASX: SCENTRE GROUP – SCG 1D Chart (Semilog Scale) Analysis Function: Major trend (Intermediate degree, orange) Mode: Motive Structure: Impulse Position: Wave 2-grey of Wave (3)-orange Details: Wave 1-grey just finished, and wave 2-grey is unfolding to push lower, it could target around 3.40 – 3.28. If the 2-grey wave continues to push lower than the 3.14 level, it will call for a re-evaluation of the entire situation. Conversely, when the price pushes higher than the end of the ((b))-navy wave, it will suggest that the 3-grey wave is unfolding. Invalidation point: 3.14 ASX: SCENTRE GROUP – SCG 4-Hour Chart Analysis Function: Major trend (Minute degree, navy) Mode: Motive Structure: Impulse Position: Wave ((c))-navy of Wave 2-grey Details: Wave 1-grey has ended, and wave 2-grey is unfolding as a Zigzag labeled ((a))((b))((c))-navy. Now wave ((c))-navy is continuing its work to push lower, if price breaks 3.28 it will show that the Bear market weight is increasing, and I will review the situation then. Pushing above the end of wave ((B))-navy shows that wave 3-grey is ready to unfold. Invalidation point: 3.14 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: SCENTRE GROUP – SCG aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation). Source : Tradinglounge.com get trial here! #SCG #TradingLounge #ASXStocks #Stocks #ElliottWave  
×
×
  • Create New...
us