I suspect that most of u who strongly argued in favour of this type of return of capital are probably traders.
Ur not interested in fairness but more to do with maximising ur hip pocket!
It amounts too , that u favour the ability to use capital gains/losses to minimise ur tax obligations! If the company chose the SUN or WES 2021 return of capital options u would be compelled to pay the higher tax rate on income.
This is where the design bias comes into play! That is my reasoning for suggesting the board is catering for traders and institutions!
Ur welcome to correct my understanding of the tax benefits for traders and institutions.
Pls avoid referring to dividends. as a counter argument, stick purely to return of capital - a return of capital distribution is treated differently to a dividend.
I’m aware that dividends form part of the management of capital.
NHC Price at posting:
$4.08 Sentiment: Hold Disclosure: Held
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