Thanks for informative posts.I have no o/seas stocks at the...

Thanks for informative posts.

I have no o/seas stocks at the moment and must admit I am starting to feel a little anxious re the BIP listing in the USA/Cnanada with a Burmudan owner.

On the figures it would seem $5.35 (including the 20c)would represent current PIH based on $21.14 BIP and 0.985 exch rate. ie ~ 10% premium to PIH SP.

So if deal gets done then list on NYSE as BIP.

Is it simply then selling the BIP and pay brokerage and then be taxed as in Aust? If so, the risks are with BIP price (also dividend not bad and paid in USD) and the exch rate.

Not sure what the "..$22/month holding admin fee from Pershing LLC plus the assoc 10% Non Resident fees" involves

My thinking is that BIP has been tracking up (although noticed some earlier volatility)and will have good assets eg DBCT etc ex PIH - so should be sound infrastructure investment.

Appears though that there are other factors eg BIP v/s BAM and BIP retreating etc and this is what I'm not sure on.