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  1. #91
    Senior Member
    Join Date
    May 2007
    Location
    Auckland, , New Zealand.
    Posts
    640

    Default

    ANZ Bank NZ Ltd Perpetual preference Shares (ANBHC) rate has been set at 6.95%

  2. #92
    Junior Member
    Join Date
    Aug 2021
    Location
    mangawhai
    Posts
    5

    Default

    I see on the final terms sheet that the distribution amount (6.95%) will comprise cash and imputation credits - together they make 6.95%. Does that mean the payout will be less than 6.95% until you claim the imputation credits from IRD?

  3. #93
    Senior Member
    Join Date
    May 2007
    Location
    Auckland, , New Zealand.
    Posts
    640

    Default

    Yes, gross % is 6.95%.
    Distributions will be less the imputation credit.
    Then there will be a tidy-up at tax time when the imputation credit will be off set against your tax owing (depending on your tax bracket/tax you owe/other credits/etc).

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