Donald Trump Sold All His Stockholdings in June, Transition Spokesman Says

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 [e-mail]

(END) Dow Jones Newswires

December 06, 2016 12:55 ET (17:55 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.