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BRIEF-Genworth Mortgage Insurance Australia updates on ATO class ruling request regarding capital reduction

Published 03/05/2016, 09:50 am
Updated 03/05/2016, 10:00 am
© Reuters.  BRIEF-Genworth Mortgage Insurance Australia updates on ATO class ruling request regarding capital reduction
HLI
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May 3 (Reuters) - Genworth Mortgage Insurance Australia Ltd GMA.AX :

* Update on ato class ruling request - capital reduction GMA.AX

* Update on ato class ruling request regarding $202 million capital reduction

* Continuing to engage with the ato regarding the proposed capital reduction

* Outcome of ato's preliminary view is that some portion or all of proposed

capital reduction will be treated as an unfranked dividend

* Remains of view that no portion of proceeds payable to shareholders should be

dividend for Australian income tax purposes

* Genworth is not expecting to receive any further guidance from the ato prior

to the annual general meeting

* Source text for Eikon ID:nASX59yY7V

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