On 29 December 2017, a capital reallocation proposal was approved by 360 Capital Group (ASX Code: TGP) security holders at the General Meeting. Under the proposal, a fully franked special dividend of $0.2101 per share (franking rate of 27.5%) declared by the 360 Capital Group Limited was reinvested in the 360 Capital Investment Trust (Trust), which occurred on 31 January 2018.
As a result of the capital reallocation, the cost base of units in the Trust increased by an amount $0.2101 per unit, hence, no cash was received by the security holder.
The special dividend of 21.01 cents per share is available in Class. The ex-date of the special dividend was 23 January 2018.
- Generate income for the special dividend
- Process Capital Call to increase the cost base of TGP
- Match the two business events created in the previous steps