User 310076

What Liquidation Will Look Like for Footstar, Kmart

"Some have raised the issue that the last two dividends were not tax efficient and that they should have been set as liquidating dividends and not taxable."

Are you sure the last dividend wasn't? The company told me they felt the $1 divvy would very likely be an ROC, but wouldn't commit 100% to it. (Course, they told me the same thing about the $5 divvy early on, only to be told different come tax time !)