APD 0.92% 54.0¢ apn property group

Can someone with a little more expertise explain the proposal to...

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    Can someone with a little more expertise explain the proposal to me. I am not a shareholder but interested. 


    From my understanding they basically want to change from a company to a trust - changing from a dividend to a distribution?

    Therefore, not paying the company tax rate (and franking credits). Is this correct?

 
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