Donald Trump Sold All His Stockholdings in June, Transition Spokesman Says
December 06 2016 - 1:10PM
Dow Jones News
By Damian Paletta
President-elect Donald Trump sold all of his stockholdings in
June, a transition spokesman said, removing himself from positions
in numerous U.S. companies.
The revelation came on Tuesday from Jason Miller, a spokesman
for Mr. Trump, during a phone call with reporters. He was asked
about Mr. Trump's past holdings in Boeing Co., a company the
president-elect had criticized earlier in the day for what he
alleged were high costs for the next Air Force One.
"The President-elect sold all of his stock back in June," Mr.
Miller said. He subsequently clarified he was referring broadly to
all of Mr. Trump's stock, not Boeing specifically.
Mr. Trump had at least two brokerage accounts that held roughly
150 separate corporate stock and bond investments, according to a
filing he submitted to the U.S. Office of Government Ethics in May.
These included investments in a wide range of well-known companies,
including Amazon.com Inc., Apple Inc., Boeing and Visa Inc.
Mr. Trump is expected to talk more about his business
investments at a Dec. 15 press conference. He has said he would be
turning over the operations of the Trump Organization to his adult
children, though he hasn't provided more details about how this
will work.
Mr. Trump also hasn't said whether he would sell his stake in
the Trump Organization or transfer that stake to his children
before he begins his presidency on Jan. 20.
Write to Damian Paletta at damian.paletta@wsj.com
(END) Dow Jones Newswires
December 06, 2016 12:55 ET (17:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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