Given the format and time limit I think he glossed over some items or perhaps it is just the writeup I read.
Folks should also check out page 32 of the LNOC presentation. It is 100% Return of Capital tax shield for the next few years. Except for some ATM in the range of 2% to 5% which frankly is beyond my tax technical knowledge so will leave as stated.
Also be please be wary of regular posters who must play the expert and have no personal shame. It makes their 'contribution' worse than useless not because they make mistakes but their false pride does not allow them to correct.