All of Globe Corporation's single class of stock is owned by four unrelated individuals in the following manner: Alex 27%, Betty 24.33%, Charles 24.33%, and Don 24.33%. Some of Alex's stock holdings are redeemed by Globe Corporation, resulting in Alex's interest being reduced to 22.27%. Betty, Charles, and Don owned equally the remaining 77.73% of the Globe stock. How should the redemption of his stock be treated by Alex? some other treatment dividend income sale transaction return of capital