Overview

On 20 March 2025, Tower Limited (ASX: TWR) announced that it had implemented its capital return of approximately NZD 45 million to its shareholders.

As part of the capital return, 1 ordinary share for every 10 shares held was cancelled, with fractions rounded up or down to the nearest whole share (with 0.5 rounded down). Shareholders received NZD $1.1858 (AUD $1.0777) for every TWR share that was cancelled under the scheme.

How to process in Class 

Navigate to Fund level > Investments > Browse corporate actions

1. Click to 'Ignore' the 18/03/2025 TWR Consolidation 
   
   
   
   

   Navigate to Fund level > Transactions > Investment - Sell > Listed security disposal 

2. Dispose the cancelled TWR shares as of 20 March 2025 with the value of Capital Return received, i.e. @ $1.0777 per share.
   

   Navigate to Fund level > Transactions > Browse bank statements 

3. Select the Bank Account and process Cash In transaction as at the payment date of 31 March 2025
4. Match off (2) and (3). 

Reference 

• ATO Class ruling: CR 2025/26
• ASX Announcement: Capital Return to Shareholders Implemented