I received my first dividends from my ECAS shares (a co. primarily owned by ACAS) that I bought a couple of months ago and hold in an IRA. The dividend was approximately $.234/sh or $.15/sf in Euro $s. It appears nothing was withheld for taxes as ECAS reported their dividend to be $.15/sf in Euro $s.
ECAS is currently selling at about 50% of its book value with about a 12% yield. ACAS is selling above book value (although, its book value likely is not dirctly comparable to ECAS due to different country accounting laws). I would think ECAS might have greater potential for growth than ACAS due to its smaller size, low price/book ratio, and as the European Mkt could be more robust and under served than the US market. I probably will buy a few more shares.