BBI EPS Limited Tax Information
BBI Exchangeable Preference Shares (“BBI EPS”) are exchangeable preference shares issued by BBI EPS Limited, a subsidiary of Babcock & Brown Infrastructure Limited.
BBI EPS pay quarterly, preferred floating rate unfranked dividends. For income tax purposes, BBI EPS are treated as interest payments.
The first payment date was 1 October 2007, and thereafter scheduled quarterly on 1 January, 1 April, 1 July and 1 October (or next business day) each year until the first reset date. See Section 6 of the Alinta Limited Scheme Booklet dated 2 July 2007 for further details on BBI EPS.
Securityholders receive a dividend statement each time BBI EPS makes a payment. In addition, each year BBI EPS will provide Securityholders with a year end statement that summarises the payments received during the relevant year, and a Tax Statement Guide (“the Guide”). The purpose of the Guide is to provide Securityholders with general information regarding the tax implications arising from the receipt of payments from BBI EPS.
The 2008 Guide has been prepared on the basis of taxation laws prevailing as at the date of the Guide. The Guide is intended to assist Securityholders in meeting their income tax compliance obligations. Securityholders are not entitled to rely upon this information in relation to managing their specific tax affairs. Securityholders should obtain their own tax advice in relation to the taxation implications associated with their investment in BBI EPS.
The 2008 Guide will be sent to Securityholders in October 2008 and an electronic version can be accessed from the link below.
BBI EPS Limited Tax Statement Guide 2008