Subject: Re: $200M more of DVA sold at $120.56
I thought BRK had sold enough to get ahead of the 45% threshold but that doesn't appear to be the case. DVA just keeps cannibalizing itself.

With most FCF targeted to buy back shares BRK might have to sell 2-4% of their shares most quarters to stay at 45%. DVA has $2.2B left on the current buyback plan. Sets an example of selling shares to create your own dividend for shareholders that want dividends. :)

Though I think collecting dividends might actually be better for BRK than collecting capital gains as far as corporate taxes go.