Yep, you are correct. The sale of the Chili business will result in a separate return of approximately 50 cents per share tax free. This will be in addition to the dividend.
Printable View
Yep, you are correct. The sale of the Chili business will result in a separate return of approximately 50 cents per share tax free. This will be in addition to the dividend.
https://www.nzx.com/announcements/412010
Capital return, 50c, bought forward a bit. Outlook positive.
Returns to shareholders have been reported for some 6 months now so no surprises here. I think these are very attractive & looking forward to a HUGE final dividend and the capital return. I completed my purchases March on the swing low, my only regret is not having the guts to buy at the low in May 22.
They want these shares back but did not vote to close this fund, buy back will take forever ..... so what is next?
.
A couple of links some may be interested in.
https://www.nzx.com/announcements/415316
Above is for another buyback….50million.
And all go for the capital return.
https://www.nzx.com/announcements/415294
My son tells me it’s a sunset industry, not sure when it will set tho.
Divies are in the bank with no tax deducted.
Share price has been punished as expected.
Another dividend not too far away, doesn't look like it will be as big as previously forecast.
I don't think it is at all correct to describe the 50cps payment as a dividend. Rather it is a return of capital, accompanied by the cancellation of one share in every six held, and is non-taxable in the hands of the recipient.
An actual dividend will be declared and paid in the reasonably near future (on the lesser number of shares after the cancellation is recorded) which will be taxable in the hands of those receiving it, but may be accompanied by imputation credits/withholding tax which can be offset.
For someone holding units, ticker code FSF, did they also have 1/6 cancelled? The yahoo finance app shows the 50c return differently between the units FSF and the shares FCG. The units does not adjust the share price history and the shares have adjusted. Quite strange