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What is (are) the tax implications to investors when an ETF utilizes a reinvested phantom distribution strategy? Investors are taxed in the year the additional

What is (are) the tax implications to investors when an ETF utilizes a reinvested phantom distribution strategy? Investors are taxed in the year the additional units are received. The investor's adjusted-cost base decreases. Investor holdings are diluted by the issuance of additional units. A & B

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