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[sharechat] Commonwealth Share Buy Back

From:	Mark Hubbard <mhubbard@es.co.nz>
Date:	Tue, 23 Mar 2004 21:41:40 +1200

I'm just reading the documentation regarding the Commonwealth Bank share buy back. It appears to me that this is not such a good deal for a Kiwi investor, (to participate in the share buy back), as doing so will convert otherwise capital receipts (not a share trader) into a taxable dividend (or at least a portion of). A New Zealand investor would surely be better off staying out of the buy back.

Do forum members agree? Anybody know of link for a NZ perspective on this issue?

Cheers

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Replies

Re: [sharechat] Commonwealth Share Buy Back tennyson@caverock.net.nz

References

Re: [sharechat] ASX: MUL - Multiemedia UPDATE Cristine Kerr
Re: [sharechat] ASX: WAL - Wavenet UPDATE Cristine Kerr
Re: [sharechat] ASX: WAL - Wavenet UPDATE Mark Hubbard
Re: [sharechat] ASX: WAL - Wavenet UPDATE Cristine Kerr

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