Macquarie Group Limited (MQG)

Corporate Action - In-specie distribution & share consolidation 2014

Version 1.0 March 2014

Dividend component

Return of capital component

 

Share consolidation of MQG

 

Treatment on disposal

 

Allocation - One stapled security in Sydney Airports (SYD) for every one share held in Macquarie Group Limited (MQG) on the record date. Each SYD stapled security comprises one unit in Sydney Airport Trust 1 (SAT1) and one share in Sydney Airport Limited (SAL).

Market value of distribution - $3.73 per SYD stapled security received.

Cost base of SYD - $3.73 per SYD stapled security.

Dividend component - 31% of the distribution. Equal to $1.1563 per MQG held on the record date (on a pre consolidated basis).

Capital return component - 69% of the distribution. Equal to $2.5737 per MQG held on the record date (on a pre consolidated basis).

Cash received in CMA - Nil. Dividend and capital return components paid as an in-specie distribution of property (the SYD stapled securities).

Record date - 20 December 2013.

Acquisition date of SYD - 13 January 2014.

Impact on MQG shares - Total cost base reduced by $2.5737 per MQG held (on a pre consolidated basis).

Share consolidation - On 23 December 2013, every one MQG share held was consolidated into 0.9438 MQG shares (rounded up to the nearest whole share).

For further information, please see the fact facts document Macquarie Group Limited - in-specie distribution and share consolidation

Note: The calculator will report on a single parcel basis, therefore MQG shareholders that hold more than one parcel of MQG shares should use the calculator separately for each parcel they hold.

This calculator is a software program developed by Macquarie Group Limited and its related bodies corporate (collectively referred to below as "Macquarie", "we", "us" or "our"). Macquarie is the owner of the copyright in this calculator.

The following are terms of use of this calculator:

  1. We have made no default assumptions in this calculator. You may change all the assumptions to reflect the scenario you are trying to model.
  2. The purpose of this calculator is to determine individual entitlements to the in-specie distribution from the Macquarie Group Limited (MQG) Corporate Action. The calculator will also determine the tax treatment on disposal of either MQG shares or a shareholder's holdings in Sydney Airports (SYD).
  3. This calculator is a model only and is not a prediction of your financial outcomes or a substitute for professional advice. Your financial outcomes will depend on external factors such as tax, superannuation laws, investment earnings and inflation.
  4. This information is provided for the use of financial services professionals only. In no circumstances is it to be used by a person for the purposes of making a decision about a financial product or class of financial products.
  5. You must not (i) copy, disassemble, reverse engineer, reproduce, adapt or otherwise attempt to derive, tamper or modify the software program code of the calculator, (ii) sell, licence or in any way distribute or transmit the calculator to your customers and/or other third parties, and (iii) copy or use in any way Macquarie's name and all associated trademarks which may appear on the calculator; you acknowledge that to do any such acts would constitute an infringement of our intellectual property rights in the calculator and its trademarks, and may cause errors in the calculator and any calculations generated.
  6. While we have used all reasonable care in preparing this information, where it includes assumptions and information provided by third parties which we are not able to independently verify, we do not accept responsibility for incorrect assumptions, errors or omissions by those third parties.
  7. To the extent the law allows us to, we will not be responsible for any loss (including, without limitation, loss of data, interruption to business, loss of profits and loss of investments) arising directly or indirectly from use of the calculator.
  8. This software has not been designed for any particular investor and has been prepared in good faith and without assuming a duty of care. No guarantee, warranty, or representation is given or implied as to the reliability or accuracy of the information used to compile each index or each calculation.
  9. Macquarie do not give taxation advice. The application of taxation laws to each client depends on that client's individual circumstances. Accordingly, clients should seek independent professional advice on taxation implications before making a decision about a financial product or class of financial products.
  10. Before using the calculator you should read the Notes detailing the assumptions, if any, used in the calculator.