I dont get it, page-6

The Board also intends to make a significant distribution to Shareholders of up to A$455.7 million
(approximately 95 cents per Share) of the net proceeds from the Proposed Transaction in the form of
a return of capital (“Proposed Capital Return”) and an unfranked special dividend (“Proposed
Special Dividend”,and together with the Proposed Capital Return, the “Proposed Distribution”).
The expected balance of net proceeds from the Proposed Transaction of approximately A$152.9
million are intended to be used to support the ongoing recovery, growth and development of the
Theme Parks & Attractions business which will be its principal focus following completion of the

a portion is in fact a divi albeit a special one so taxable whilst the cap return just comes off youré cost base. if ur cost base then becomes negative i wld assume that there is also tax implications attached to that portion as well.