12.22 includes a cash payment of 72cents from LNN itself. that...

12.22 includes a cash payment of 72cents from LNN itself. that amount will be reduced by any interim div announced.

So you'll get 11.50 from Kirin and 72cents from LNN to total 12.22

@ 11.67 the price is trading at 4.7% discount. Time value of money is going to take a large portion of this. However on an annualised basis you're going to come up ahead for relatively low levels of risk.