My wife is not working so she has low marginal tax rate to $37000 income therefore if she buys say at $1.65 per share she will get a tax refund of up to 10.7c per share from the special dividend.
However, I can't work out how they came up with 10.7c figure as 25c grossed up is 25c x 1.30 = 32.5c which is 7.5c benefit not 10.7c
News: PFL Patties Foods says received proposal from Pacific Equity Partners, page-12
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