With 3 weeks notice required to have a shareholder meeting to...

With 3 weeks notice required to have a shareholder meeting to vote on the Return of Capital, and Leo’s expected cutoff date of Jan 23rd, it looks like the shares won’t be distributed to shareholders in time for the tranche 1 payment, so FFX will receive it.

As I posted a while back, tax wise, for most probably a better outcome as Leo only plan to return 1.4c as a Return of Capital & the remaining 15.8c as a Dividend which is taxable. FFX should have better capacity to pay more as a Return of Capital.

I really don’t know why they said they hoped to make the distribution before Leo paid out T1, because their timetable of waiting for the tax rulings etc before making the distribution made it next to impossible.