SKT 7.00% $2.26 sky network television limited.

One for the Aussie investors here....Does this result in a...

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    One for the Aussie investors here....

    Does this result in a reduction of purchase price on remaining shares (e.g. cost base is lower), or as a sale of the shares that are cancelled?

    I understand in NZ there's no capital gains tax, but over here the authorities aren't so kind - hence my question.
 
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