Paying out an extra dividend during financial distress is an example of shareholders " the property."

The phrase you're referring to seems to be incomplete. However, it appears to be discussing a concept in corporate finance. When a company is in financial distress but still decides to pay out an extra dividend, it might be an example of shareholders "milking the property." This term is often used to describe a situation where the owners of a company extract its value for their personal benefit, leaving less for the creditors.

Here are the steps to understand this concept:

1. Understand the company's financial situation: If a company is in financial distress, it means it's having trouble meeting its financial obligations. This could be due to poor cash flow, high debt levels, or other financial problems.

2. Understand what a dividend is: A dividend is a payment made by a corporation to its shareholders, usually in the form of cash or additional shares. Dividends are typically paid out of a company's profits.

3. Understand the concept of "milking the property": This is a term used to describe a situation where the owners of a company extract its value for their personal benefit, often at the expense of the company's creditors. In this case, by paying out an extra dividend when the company is in financial distress, the shareholders are taking more of the company's value for themselves.

4. Understand the implications: This can be a risky move. If the company is in financial distress, paying out extra dividends can deplete its resources even further, potentially leading to bankruptcy. It can also lead to legal issues if the company is unable to pay its creditors.

5. Conclusion: Paying out an extra dividend during financial distress can be seen as an example of shareholders "milking the property" because they are extracting more value from the company for their personal benefit, potentially at the expense of the company's creditors.