No Dan, not me selling today. Unfortunately sold a few days back...

No Dan, not me selling today. Unfortunately sold a few days back for less than $1.045. My holding wasn’t quite 5 million shares. Maybe it was Arrow?

With the ASX operating on a T+2 settlement basis, I assume it would be difficult to vote the shares purchased today at the meeting on Friday given that the scheme meeting record date is 5:00 pm tomorrow Wednesday 29 July. If I’m right, the only logic in buying is to pick up 0.478% (less brokerage costs) for a two week investment. The buyer does however need to be convinced the SoA will get up - if so the return is pretty good for a couple of weeks.

The seller(s) presumably either needs to have a tax disadvantage with the fully franked dividend or is convinced the SoA won’t get up or otherwise why give up 0.478% (plus brokerage costs).