Platinum Capital (ASX:PMC) received a draft Australian Taxation Office (ATO) class ruling on a proposed scheme of arrangement allowing shareholders to exchange their shares for units in the Platinum International Fund Complex exchange-traded fund, according to a Monday filing with the Australian bourse.
The company sought the ruling from ATO to confirm the key taxation implications of the scheme for shareholders, the filing said.
The tax consequences of the scheme will be provided in the scheme booklet, expected to be received in May, according to the filing.
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