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Ann: Update on status of Conditions Precedent & ATO Draft Ruling, page-11

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AnneSid

2,763 Posts.

183

22/04/24

19:03

Post #: 73463208
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Originally posted by g12m0: ↑

The franking credits is only worth 1.8 cents. Also there is a minimum holding rule to be able to claim franking credits. Must hold for at least 45 days. Link said it will be more than 45 days on the LNK dividend as it is related. Unless you qualify to this exemption:

“The integrity rule generally does not apply to individuals who receive $5,000 or less in franking credits in a year, which we call the small shareholder exemption.”

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In which case why are bothering to buy the shares. They would only make 2 cents on their holding if the franking credit is 1 cent.

Has LNK given it in writing that franking credit is 1 cent only.
Ive seen orders up to 1.8mil go through.

LNK Price at posting: $2.24 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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