Great question - I have no idea. Hoping they time the dividend...

Great question - I have no idea. Hoping they time the dividend on Jul 1 or later - added bouns of deferring paying tax for an additional year.
I have scanned through the takeover announcements and could not find relevant references to franking.
Their last dividend was fully franked - so they do have franking credits - this wold be a great little bounus (i.e. franking the 20c), but am happy with the offer regardless.
The good thing is that Centuria is operating in a very unloved space (commercial office space) and is well managed too with quality underlying assets - it is a company I considered buying when shares in not too long ago