An extract from the shareholder booklet may explain the tax situation better. "It is anticipated that realised gains will arise on 11 May when the Listed Assets are transferredto MAAT and that these realised gains will create a tax liability for the Company for the yearended 30 June 2021. Part of that tax liability will be payable after 30 June 2021. Sufficient cashwill be left in the Company to enable it to pay this tax liability to the ATO as well to pay a frankeddividend on or around September 2021. The franking credits attached to this dividend willrepresent the tax paid by the Company as a result the transfer of the Listed Assets to MAAT."
MA1 Price at posting:
$1.21 Sentiment: Hold Disclosure: Held
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