Background

APN Property Group Stapled Securities (APD) was formed on the effective date of 13 December 2019 by stapling each fully paid ordinary share in APN Property Group Limited to each fully paid ordinary unit in APD Trust. 

Under the stapling proposal, APD made an in-specie distribution, including the capital return and special dividend (record date of 11 December 2020), totalling 7.5 cents per share to APD shareholders that was compulsorily applied to subscribe for APD Trust units, which comprised of:

• A capital return of 6.3 cents per APD Share; and
• A fully franked special dividend @ 27.5% of 1.2 cents per APD share

Worked Example

On 1 July 2019, an SMSF has acquired 10,000 shares of APD at $1 per share for $10,000. 

Step 1: Process the capital return of 6.3 cents per APD share 

Navigate to Fund Level > Investments > Browse Corporate Actions 

1. Click on Action 
   
   
2. Confirm details and click on Submit 
   
   
   
   10,000 shares of APD x 6.3 cents per APD share = $630 

Step 2: Generate the fully franked special dividend of 1.2 cents per APD via income announcement 

Navigate to Fund Level > Transactions > Match Transactions 

1. Click on Generate Income 
2. Click on Create Income Events 
   
   
   

Step 3: Manually process a capital call of 7.5 cents per APD shares to subscribe for units in the APD Trust 

Navigate to Fund Level > Transactions > Investment - Corporate Action > Capital Call 

1. Select APD for Investment Account 
2. Enter Call Date and Payment Date
3. Enter Call Amount and Participating Quantity 
   
   
   
   $0.075  x 10,000 = $750
4. Confirm details and click on Submit 
5. Match this event with steps 1 and 2