This has been a long day for an old codger. I found late today a free website, which does require a registration to use it, that has the best compilation of equity preferred, trust preferred and other income securities that I buy regularly, and they perform a very useful service in identifying those that pay qualified dividends to a U.S. investor and to provide links to prospectuses and other useful information. QuantumOnline.com Home Page
Today ended on a bad note however. After visiting the Quantum Online site and liking it, I checked my main account, and for some reason pulled up the cost information of the only cumulative preferred stock that I have ever owned that has deferred its dividend, BEEPRA. One dividend has been deferred. I looked at the cost basis and lo and behold it had been adjusted down by the amount of the dividend. Okay, I do not understand that right now, and I really do not really want to learn about it. Now, I am going to have to learn about it, since that presents a few different issues if that is the appropriate way to account for a deferral. I do not like these esoteric tax issues one bit. And on that point RB and LB on in a rare full agreement.