HAL Trust - Favorable tax arrangement for dividends
At the EGM, next to the move from Curaçao to Rotterdam, HAL Trust also approved the increase of the nominal share capital from EUR 0.02 to EUR 135 p/s in agreement with Dutch tax department.In practice, this allows for practically tax-free dividends in the form of capital reductions up to EUR 135. Future profits will be taxed as normal.This is beneficial for shareholders and this is another indication that HAL Trust wishes to remain listed.Because of this, we lower our target discount to 30% (from 35%). As a result our TP moves to EUR 126 (up from EUR 116). LookingHAL Trust is the trust holding company for HAL Holding N.V. Co.'s only asset is the outstanding shares of HAL Holding N.V. Co.'s strategy is to invest in companies where it can play an active role as shareholder and board member. Co. invests mainly in industrial and real estate companies.
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
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