I control over 6 mill DNK shares. Everyone’s tax position is...

I control over 6 mill DNK shares. Everyone’s tax position is individual. Personally I would be better off if they maintained their plan rather than give 100%. The reason is anything that’s given to me as an unfranked dividend will be taxed at 45% but any capital return won’t be taxed as it will be a capital loss regardless. Ie if they give 90% and keep 10% then when I sell DNK shares I’m effectively not paying tax on that “10%” as it will in the value of the DNK shares I seek. I suspect most people will be in the same position and will make a capital loss when they actual go to sell their DNK shares. Minimising the unfranked dividend component is probably the best option for the majority of holders. GLTAHs