Overview
Charter Hall Group (CHC) stapled securities comprise ordinary shares in Charter Hall Limited (CHL) and units in Charter Hall Property Trust (CHPT). On 7 April 2025, CHC announced a capital reallocation, which was implemented on 11 April 2025.
The capital reallocation consisted of:
- A capital return of 24.52 cents per CHL share, and
- An in-specie (non-cash) fully franked special dividend of 60.04 cents per CHL share, with 25.73 cents franking credits.
The total amount of 84.56 cents per security represented a transfer of capital from CHL to CHPT. No cash was distributed to securityholders, and no shares or units were issued or cancelled. The reallocation amount was applied as an additional capital to CHPT.
As a result of the capital reallocation, the cost base of CHPT units increases by 84.56 cents per security, while the cost base of the CHL share decreases by 24.52 cents. This results in a net increase of 60.04 cents to the overall cost base of the CHC stapled security.
How to process in Class
The special dividend of 60.04 cents per security is available in Class. The dividend payment date was 11 April 2025.
Navigate to Fund level > Transactions > Match transactions
- Generate income for the special dividend
Navigate to Fund level > Transactions > Investment - Corporate action > Capital call
- Process Capital Call to increase the cost base of CHC
- Match the two business events created in the previous steps.
Processing Tip: Capital calls can be generated in bulk using the Excel Transaction Loader under the Portfolio tab. This is a quick way to process multiple holdings at once and minimise manual entry.
Reference
- ATO Class ruling: CR 2025/28
- ASX Announcement: Capital Reallocation