Ann: Update on Arbitration Funding, page-385

JRPC you appear to be well informed as to the payment of the monies so I’m guessing you have been in contact with the company. If we are receiving an unfranked dividend not a capital return do you know what the tax implications of this will be. I know we were notified some years ago that a tax free amount was disallowed by the taxation office therefore if it’s an unfranked dividend will we be able to apply a capital gains discount to it if we held the AR1 shares for over 12 months before the issue of TILU? Would appreciate some info on this as I think quite a few TILU shareholders would be wondering the same as I am about the taxation implications. If the unfranked dividend has no discount then I think all of us are going to make the tax office very happy...lol… disc I hold TILU not EM1