Any dividend has tax implications.... Dividends are taxed on the grossed up amount. If for instance a divy of JB properties was in conjunction with an IPO at $5.00 and you recieved one share per their NOT share.... The new share would have a deamed value of $5.00 and you would pay tax on $7.25

NOT would likely trade back into the dollar range on such an arrangment as the value component of NOT is the JBL.

In contrast.

If you had sold your NOT share at $5.00 and this was a capital gain and you had bought the shares at $3.00 for a gain of $2.00 you would pay tax on 50% of that gain .... $1.00

Had you bought the shares in the PP flow through and your adjusted cost base is zero..... and sold you your share you would pay tax on 50% of $5.00 or $2.50/ share

I bring this up because the implications of new vision could have some dramatic tax implications. I am just going through the divy of quest shares from the FWR divy.... and I am not impressed with the amount of tax I have to paid for these "Free Shares" ..... The divy shares were not free! They had a tax bill acompanying to them, a tax bill that is not part of my adjusted cost base for those shares.