Ann: Dividend/Distribution - BLD, page-5

He doesn't get the 11.1c franking credits you dunce. They take off the base dividend (of 26c) from the cash consideration if you accept the offer after the ex-dividend date but franking credits still apply. It's why the BLD board is urging shareholders to wait till the dividend is paid out to accept the offer.

If you accepted before then your cash consideration is $1.70 per share. If you accepted after dividends are paid out then it's $1.44 per share (1.70 - 0.26) PLUS any franking credits.

Sucks to suck.