The last paragraph is pretty much the only one that matters in the Form 8-K. Same dividend going forward.
Blah, blah ..... IRS... write offs...blah blah... "PHI expects to maintain the current level of its quarterly dividend notwithstanding the results of the updated assessment described above. "
And to make this issue even more embarrassing, PHI recently promoted Kevin McGowan, the genius behind these cross border leases. No bad decision goes unrewarded.