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.
We have made no default assumptions in this calculator. You may change all the assumptions to reflect the scenario you are trying to model.
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).
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