Are VVPR strips quoted securities. What are they for?
VVPR strips are quoted securities, but on different and much less active markets than those for Dexia shares, quoted on the primary market both in Brussels and in Paris. The VVPR strip is a tax instrument under Belgian Law. Its role is played at the time of payment of the dividend. It enables the shareholder who holds it at the same time as a share to limit to 15% the tax deduction levied in the form of a retention at source on the amount of the gross dividend attributed to the corresponding Dexia share. In the absence of a strip, the initial retention is 25% of the gross dividend.
