LLP 0.00% 34.5¢ lloyds bank plc

LLC announced that it will "staple" its shares.LLC sh will get a...

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    LLC announced that it will "staple" its shares.
    LLC sh will get a unit in a trust on a one-for-one basis.

    “If approved, the new stapled structure will provide the Lend Lease Group with a more efficient capital structure for the ownership of investment assets.
    Lend Lease has no current specific asset purchases in mind. The new stapled structure positions Lend Lease for growth using a more efficient vehicle should assets be added to the portfolio at a later date.”
    The key benefits of the Stapling Proposal for Lend Lease shareholders are:
    • more predictable distributions on income generated from passive assets;
    • yield enhancement from income streams on passive assets;
    • enhanced cash position of investors through capital returns which are treated as tax deferred; and
    • improved liquidity."

    GUESS WHICH ASSETS WOULD BE CLASSIFIED AS "PASSIVE ASSETS"?!!!!

    I reckon they will shove all their "passive assets" into this trust structure, and then when markets pick up again, they will spin off that trust again at a profit.
 
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