![]() Step 2: Process the "in specie" disposal of remaining cost base (without the rollover relief). Click on Create Target Holdings if necessary.Navigate to Fund Level > Investments > Browse Corporate Actions Step 1: Process the scrip component with rollover relief (TOT Active Fund). On 1 July 2018, an SMSF has acquired 30,000 shares of URB at $1 per share for $30,000 and the fund elects the partial scrip-for-script relief that is available. The closing price of TOT as at 20 December 2019 was $1.09. The capital gain made from the disposal of a URB share is not disregarded to the extent that you received TOT Passive Fund units for the disposal of your URB share (ineligible proceeds) (subsection 124-790(1)). ![]() If you choose scrip for scrip roll-over, the capital gain you made from the disposal of a URB share is disregarded to the extent that you received replacement TOT Active Fund units for the disposal of your URB share (eligible proceeds) (subsection 124-785(1)).ġ7. Partial scrip-for-scrip rollover relief is available as confirmed in the same ruling:ġ6. The Net Tangible Asset (NTA) breakdown for TOT as at on 19 December 2019, being the date immediately prior to the Implementation Date (Paragraph 19 and 45 of CR 2020/17): Fund Name 1 unit of 360 Capital Passive REIT (formerly 360 Capital Total Return Passive Fund) (the TOT Passive Fund).1 unit of 360 Capital Active REIT (formerly 360 Capital Total Return Active Fund) (the TOT Active Fund), and. ![]() URB was removed from the official list of the ASX at the close of trading of 23 December 2019.Įach stapled security in 360 Capital Total Return Fund (TOT) consists of: 360 Capital FM Limited as Responsible Entity for the 360 Capital Total Return Fund (ASX: TOT) successfully completed the scheme of arrangement to acquire all of the ordinary shares in URB Investments Limited (ASX: URB) on 20 December 2019.Įligible URB shareholders were issued with 0.9833 new TOT stapled securities for each URB share they held on the scheme Record Date (13 December 2019). ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |