Corporate Action: Telstra's Buyback Benefits Low/Nil Taxpayers and Super Funds in Pension Mode
On 11 August, Telstra announced a AUD 1.5 billion share buyback. This program has two components, namely, a AUD 1.25 billion off-market buyback followed by a AUD 250 million on-market stock repurchase over the next 12 months.Based on our analysis, the structure of the off-market buyback is likely to primarily benefit complying superannuation funds in pension mode and individuals on a nil or low tax rate. These particular shareholders could, in certain circumstances, participate in the off-mark...
Telstra is engaged in providing telecommunications and information services for domestic and international customers. Co.'s operating segments are Telstra Retail, Global Enterprise and Services, Telstra Operations, and Telstra Wholesale. As of June 30 2016, Co. provided retail fixed data services to 3.4 million customers, retail fixed voice services to 5.7 million and domestic retail mobile services to 17.2 million customers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.