TLS 0.76% $3.92 telstra group limited

Ann: Letter to Shareholders, page-2

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    Appreciate some comments on this - does this mean Telstra is basically splitting into 2 entities? - if so then one ends up with double the quantity of Telstra shares divided between 2 entities, which each share being entitled to same ranking and dividend.
    Thus the next divi will need to be 4.125c to equal the present 8.25c

 
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