What Corporate Actions are not automated by Class?
- IPO (Initial public offerings)
- Conversion of shares
- Redemption and/or reinvestment of hybrid securities
- Exercise or lapse of company options
- Temporary code changes
IPO (Initial public offerings)
Temporary code might be allocated for the security by the broker in the case when the feed has been activated. The temporary code would need to be changed to ASX Code when the security is issued, however, there is no actual corporate action. The IPO can easily be processed as a purchase of shares.
Conversion of shares
When converting Debt Securities to Equity Securities, Users can use takeover/merger to replicate this type of conversion.
Redemption and/or reinvestment of hybrid securities
Refer here for Security descriptions for ASX quoted debt and hybrid securities. This can be processed by Disposal of the old security, purchase the new security and match these two.
Exercise or lapse of company options
Users can process them manually in Class.
Temporary code changes
Informational, there is no actual corporate action.
With delisting, there is no impact on the investment code, investment quantity, and investment cost base, so there is no actual corporate action on Class. Class will not update any information related to the security after it’s being delisted. Refer here for more information including a potential loss declaration for when you can realize a capital loss.
What Corporate Actions are not available at through the Business level console?
Where Corporate Actions are optional and choices need to be made, they will be available at the Fund level only
- Share Purchase Plan
Are Corporate Actions supported for foreign listed shares?
Simple Corporate Actions like capital return, stock split, or consolidation will be supported through our data provider.
Are there Corporate Actions for managed funds?
Apart from distribution income, there are generally no Corporate Actions available for managed funds.
Refer to Corporate Action: Summary of knowledge articles for more information on Corporate Actions.