So my understanding is that fractions of a share will be given to us in the form of cash. Couple of questions for someone more in the know than I am.

1.) I would assume this has to be done on a tax lot basis, not on your aggregate XMSR holdings, right? Because the way I see it...

2.) This is treated as a (forced) sale, and I'm going to have to recognize a loss on each fraction of a share when I do my taxes.