That's at the dividend rate. In order for the children to pull a net $2.75 million out of the company, they have to take a dividend of $4.3 million out of that company that's only worth $2.75 million. At the end of the day, if we were to have a sale to a family member today, with no planning at all, there would be effective taxes of $1.8 million to transition this business.
On February 6th, 2020. See this statement in context.