Is Sandstorm a PFIC company?

By jbnaples, February 3, 2012

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

For all of you accountants out there, is Sandstorm Gold SNDXF a PFIC company? If so, What’s the best way to invest in it.

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2 Comments on " Is Sandstorm a PFIC company?"

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Travis Johnson, Stock Gumshoe
Admin
4464
February 3, 2012 9:16 am
Hi Jennifer, I saw your question via email too — sorry I hadn’t yet responded. I’m not an accountant and have not talked to my accountant about the potential PFIC issue. I do know that International Royalty Corp. did, at least for a time, consider itself a PFIC, I don’t know about Silver Wheaton, which would be the most direct comparison. I think SLW decided that they were not a PFIC in 2008, but haven’t seen any updated commentary from them. There’s a pretty clear article here about the impact of PFIC for US investors, FYI: http://www.osler.com/NewsResources/Default.aspx?id=3389 I certainly can’t… Read more »
sphereya
Irregular
18
February 10, 2012 7:10 pm

What a head ache.. I had know idea. I guess I will attempt to put some of my shares in an IRA to dodge some of these problems. Who dreams this stuff up?

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