CLE 0.00% 0.1¢ cyclone metals limited

special div, page-15

  1. 10,795 Posts.
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    see the announcement made by cfe on the 7th of october.

    1. capital return to be made of 7.09 cents per share

    this is effectively your money back. a tax free distribution

    2. unfranked dividend of 15.6 cents per share.

    you pay tax on the lot. no franking credit.

    the last day to buy if you want to participate is monday the 13th.

    so in a worst case situation on tuesday the shares could theoretically open at 16 or 16.5 (current share price less cap return and dividend) but you would hope especially considering the cash backing it at least stays in the 20's.

 
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