Correct Coppertop. That's my understanding too. The capital gain...

Correct Coppertop. That's my understanding too. The capital gain is separate to that of income, so BJT will have to declare the dividend into two streams, income/capital gain. The investor will then take care of it from there.

Got heaps of capital losses (my bad) so can write those gains off easy. Each to their own.

Remember, income/capital gain or otherwise, it's money to you the investor. I just would hope that BJT will increase the cash component up, since the extra shares now are withdrawn. Someone said 19th June for the announcement, that's the day we will see the stock move if the div is in excess of our 'expectations'.