The difference comes down to the basic principle that with a 100k investment you will get 35714 FTS of NOT. If you were to invest the same amount in regular shares of NOT, the amount of shares would completely depend on the price that you paid for them. For 100k @$2 share you could have had 50000 shares of NOT. Then when it goes to $10 you would have $500k and you would have to pay capital gains on the $400k profit (25% = 100k). Me as a FTSholder would only have $357140 and would have to the entire amount as capital gains. (357140@25%=$89285). Whadda loser! Should have bought the regular shares.

If you had to pay capital gains on Not profit, I thouhgt you only pay on half so would'nt it be $200k profit (25% = 50k)