Adjusted Products – Boot – ACB New Shares – Deemed Dividends Note that in our example, the father withdrew certain preferred shares with a withdrawal value of $10,000. ABC Inc. must ensure that the issued preferred shares represent the value of the withdrawal. To make sure you`re doing this: Suppose, PUC of old shares – ACB of old shares – $10, and in an internal exchange of shares, I remove the boat – $15 1. The issuance of “new shares” by the company There will be no dividend or capital gains considered as long as the boat is smaller than the minimum of: ..