PSC 1.01% 9.8¢ prospect resources limited

Ann: Prospect sells interest in Arcadia for US$378M, page-160

  1. 4,102 Posts.
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    From the announcement

    "..., the Company will seek to structure the distribution of these proceeds to shareholders in a tax-efficient manner."

    Paying as an unfranked dividend is NOT a tax efficient way, as it would be taxed at your marginal rate.

    Obviously they have paid no Aust tax (in fact have $52m accumulated losses to offset) so have no franking credits.
 
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