so just to clarify re. the 10c capital return.as the return of...

so just to clarify re. the 10c capital return.

as the return of capital is less than the cost base of the EXS share at the time of payment, the cost base and reduced cost base of the share is reduced by the amount of the payment (subsection 104-135(4) of the ITAA 1997).

because the proposed return of capital is not more than the cost base of the share no capital gain occurs and hence the 10c per share capital return is pocketed by shareholders tax free.

correct?