That's correct
These are things I've read and obtain bits and pieces, I've had no problem with LNGLF. I enjoy it better because it moves quicker, more vol. LNGLY, may be the smarter one to have for long haulers.
- LNGLF = LNG Limited for Australia in the US. F= Foreign Stock.
- LNGLY is the ticker for LNG Limited also, but is an ADR(American Depository Receipt) here in US, so there won't be any Foreign Fees. However, the Duetcsh Bank handling the ADR will charge up to 2% of earning when cashing in. The ADR's are currently 4:1 ratio. One LNGLY ADR = Four LNGLF (it started off 1:40)
- Magnolia LNG claims they don't own LNGLF, that someone started it, but it is their shares. That's confusing. If and when you sell LNGLF, there may or may not be a Foriegn stock tax. If the US is mostly owner of shares, the tax should not apply.
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