"It makes you wonder why are they even bothering?"
Hi mate,
They have to pay a distribution because of the nature of the business structure (being a Trust). It is required by tax law to distribute all earnings as a dividend. Given what is going on with their Japanese bankers, I think GJT's preference at this time would be NOT to pay a dividend at all.
I could be wrong on this point, but that was my understanding...it has to be a token amount.
Am happy to be corrected - I'm not an expert.
Regards
Coop
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- Ann: Estimated Distribution - June 2009
Ann: Estimated Distribution - June 2009 , page-21
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