Ann: Withdrawal of Merger Proposal & Announcement of Distribution, page-8

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Ricko5

100 Posts.

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31/10/22

16:57

Post #: 64504813
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Originally posted by richardwth: ↑

They wouldn’t need any tax sign off in Australia. TheCD funds are trusts: each year, under Australian tax law, providing the funds distribute(at least) all of their “taxable income” to Unitholders, the trusts themselves don’tpay any Australian income tax- the tax liability is worked out and borne prorata by the Unitholders in their own tax returns for that year.
They also wouldn’t need any US tax signoff.The UStax liability each year is a matter for the US limited partnerships. If there isany US current tax liability (as opposed to a deferred tax provision estimated onunrealised capital gains from revaluations) it’s the job of the US General Partnerto calculate it and ensure that the LP sets aside enough cash in USA to payit.I.e. the GP should always ensure thatthere is enough cash in the USbank accounts of the LPs to cover any current tax, or other liabilities, beforeit decides how much cash to transfer to the partners, including the CD Funds inAustralia.Once the GP has decided to transfer cash to Australia,the CD funds can safely assume that sufficient allowance has been made for any US obligations,and so the CD Funds are free to do what they like with the cash that they receive—preferablypay it all to Unitholders!

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It'll be a VERY interesting meeting when they hold it.

Get out of the way E&P, let a REAL responsible entity run these, hand over fully to the Cordish family and see how a RE really operates for its investors!

CD3 Price at posting: $1.51 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.16		Change 0.010(0.87%)		Mkt cap ! $83.55M

Open	High	Low	Value	Volume
$1.18	$1.18	$1.16	$11.40K	9.778K

Buyers (Bids)

No.	Vol.	Price($)
1	1	$1.16

Sellers (Offers)

Price($)	Vol.	No.
$1.20	14625	2

View Market Depth

No.	Vol.	Price($)
1	1	1.160
2	44990	1.150
1	20000	1.145
2	10000	1.120
1	23475	1.065

Price($)	Vol.	No.
1.200	14625	2
1.285	6068	2
1.320	63095	1
1.330	62500	1
1.395	6000	1

Last trade - 12.44pm 28/07/2025 (20 minute delay)

CD3 (ASX) Chart

Ann: Withdrawal of Merger Proposal & Announcement of Distribution, page-8

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Ann: Withdrawal of Merger Proposal & Announcement of Distribution, page-8

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