Club Mulgoa

Monday, February 16, 2015

RIO

I don't need any more RIO share but I bought another 200 today.  Why?  Because there is a buyback of shares.  Most of it will be in frank dividend and a smaller portion in capital return.  For the super fund, this is a gift because of the tax benefits.  And today is the last day that you can buy to qualify for the tax benefit by extracting the franked portion of the dividend.

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