new thread, page-147

Ive noticed that ARG probably most closely tracks its NTA (compared to CHO, MLT and AUI), it's very close to 1.0 and AUI is closing the gap.

I understand by LIC CG is that it can pass CG dividend benefits on..."The other reason is more technical.
There is probably a school of thought out there which believes that the economic value of a LIC is its after-tax NTA. This is not true of the 'traditional' LICs, as they are able to pass on LIC capital gains dividends, but it is true of other LICs."

I'm a bit slow - maybe it's late, does this mean that if ARG accepts the Cemex t/o for RIN and makes eg $100m it's only taxed at half the marginal corporate/company rate (30% / 2 = 15%)? and then the $100-15 = 85 gets passed down to the shareholders as ??franked dividends? (if they have franking credits?).