Exchange fund
http://dbpedia.org/resource/Exchange_fund an entity of type: Organisation
An exchange fund or swap fund is a mechanism specific to the U.S., first introduced in the late 1960s, that allows holders of a large amount of a single stock to diversify into a basket of other stocks without directly selling their stock. The purpose of this arrangement is to diversify their holdings without triggering a "taxable event". Note that the tax is not avoided, just postponed; when the diversified holdings are eventually sold, tax will be due on the difference between the sales price and the original cost basis of the contributed stock.
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Exchange fund
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4816928
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1046474029
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August 2019
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content is user-generated
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An exchange fund or swap fund is a mechanism specific to the U.S., first introduced in the late 1960s, that allows holders of a large amount of a single stock to diversify into a basket of other stocks without directly selling their stock. The purpose of this arrangement is to diversify their holdings without triggering a "taxable event". Note that the tax is not avoided, just postponed; when the diversified holdings are eventually sold, tax will be due on the difference between the sales price and the original cost basis of the contributed stock.
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3976