So far we were receiving fully franked dividends arising from distribution of profits from core operations.
The next lot of payments which by my calculation is between 90c to 100c per share (P/S) will be returned to the shareholders as capital distribution. Lot of people (including myself) bought these shares at much higher amounts than $1:00 p/s e.g I bought 50000 at $4 p/s 100,000 at $3; 200,000 between $2-$3 p/s so if I receive say 90c per share for my capital it will create a net capital loss in my portfolio which offsets the capital gains.
I suspect armed with that knowledge there will be more people /intos to buy these shares before de-listing.
Please talk to your accountants because these payments are not the same in ranking and character.
Always DYOR
SDG Price at posting:
$1.08 Sentiment: Hold Disclosure: Held
