Yes, looks like a small "loss" compared to cost base. My...

Yes, looks like a small "loss" compared to cost base.

My understanding is that once the ATO gives a final thumbs up on the cost base we will know for sure.

I presume that a CYB cost base of $4.00 would mean the cost base for our NAB holdings would drop by $1.00 per share (ie 1 CYB received for each 4 NAB)? I don't think any of the distribution was going to be a "dividend" but maybe that gets confirmed by the ATO as well?

Of course, this CYB loss is only the taxation interpretation. We may all be far better off as a result of the demerger - but with the current volatility affecting the banks its a little hard to be sure!

Alf