So I finally called to tender my ALU shares. Thanks LT in particular btw for the continued commentary on there, I'm averaged at $3.21 with those. I wish I had just sold recently at $4 though, because my guy informed me it's a taxable event. Your shares are treated as sold at the time they become NOK shares, and are therefore long term or short time at that time. Then a new holding period begins for your NOK shares.