If it comes to pass, then the suggested in-specie would be a non event.
The potential for a dividend to replace the in specie would be high and as long as the sale (half sale) occurred prior to July then it could be fully franked.
This would be in excess of the current proposed 18-22 cent one.
The following years half sale could also result in a dividend in excess of the presumed regular profit/dividend.
Ann: Update on proposed sale of stake in JB Financial Group, page-11
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