divs

Any comments on these issues
(1)
The first issue is tax deferral
MIG says it is expected that the majority of this distribution will comprise "deferred tax" components
Let us say it is 90% tax deferred, then
• 63.5c is received in dividends (eg 1 share)
• Tax is payable on 6.35c(10% of the dividend)
• Original cost basis is reduced by 57.15(90% of the dividend)

Now suppose you bought the share for $3:50 and in a few years sold for $4:50

You would be deemed to have made a capital gain of 450-(350-57.15)C=157.15c

(2)
The second issue is....residual will primarily comprise "discount capital gains".

Capital gains Tax---50% of 157.15C

If you continued to hold these shares then CGT would not enter the equation....

IMHO