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VE and FTE, both based in France, have such high yields and depressed share prices that they still seem attractive despite the tax withholding.

I concur, Paps. But bear in mind that VE's dividend is not the TTM one reported on most investment sites (~12+%), but will rather likely be cut once declared by the board to the €0.70 target announced at the Dec. 6, 2011 Investor Day.

Also, the foreign withholding tax is recoverable, as David noted, for after-tax accounts, but not for retirement accounts. That's why I was stressing that for IRAs and pension accounts I just focus on the net-of-FW-tax yield.

On the issue of MLPs, this recent post of aleax's on the STON board might be of interest to you: http://boards.fool.com/1048/why-are-you-holding-ston-in-your...

Scott
Coverage Fool, II
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