Once completed, the total available for reinvestment will show as $300 (which is the total distribution for June 30)Ĭlick on 'Use this Announcement'. Also enter this amount in the Residual Adjustment field Enter the dividend amount, in this example, $20. On the distribution event, tick the 'Includes Reinvest' checkbox. This will generate one distribution event with $280 and one dividend event with $20 Step 2 - Pick up the DRP in the Distribution event Using TCL as an example, a fund has 1,000 units of TCL as at 27 June 2019 Step 1 - Generate income See below steps to take DRP in relation to a stapled security. LLC (Lendlease Group - Unit/Ordinary Fully Paid Stapled Securities). TCL (Transurban Group - Ordinary Shares/Units Fully Paid Triple Stapled). There are only two stapled securities that have income announcements around the financial year boundary and have a DRP program: The Class tax statement ratio for these stapled securities will include the mid-year dividend component as part of the distribution for the financial year, including any franking credits attached to them. Generally, for the December announcement, both the distribution and dividend are included in the current financial year, hence the split is not required. For tax purposes, the June announcement may include distribution income which should be included in the current financial year and dividend income to be included in the next financial year. The difficult part of processing stapled securities is the income announcement around the financial year boundaries. Why does the split only happen for the June distribution, not the December distribution? Class will automatically create separate distribution and dividend events. If the fund has no feeds set up, then click Generate Income. If the fund has set up broker feed, all the work will be done automatically (including DRP). Class will process the split and match with the cash transaction. If the fund has set up a platform feed, when the cash transaction comes in it will trigger the income announcement. If the fund is receiving a bank feed, then click Generate Income. Class will automatically create a distribution event and dividend event to be matched. 
How does a data feed affect the income split? Navigating to Fund Level > Transactions > Match TransactionĬlass will create separate distribution and dividend events to match. Scenario 2: The distribution event was generated by an income announcement but has been subsequently modified by the user. You can click Automatch to match two business events with cash.
Stapled events update#
Navigating to Fund level > Transactions > Match TransactionĬlass will update the distribution event and create a dividend event.
Unmatch this event from the cash transaction. What should I do now? Scenario 1: The distribution event was generated by an income announcement and has not been modified I have already matched the cash event fully with the distribution income event.
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