How to handle Unibail-Rodamco Acquisition of Westfield Corporation

Sharesight makes it easy for investors to handle corporate actions (even complicated acquisition) and track the capital gains tax implications.

By using Sharesight to track the Unibail-Rodamco acquisition of Westfield Corporation (WFD) you maintain an accurate record of your portfolio performance.

1 – On the Portfolio Overview Page, click on Westfield Corp (WFD.ASX) to go to the Individual Holding Page.

Unibail-Rodamco Acquisition of Westfield Corporation Step 1

2 – Click ‘Enter a new Trade or Adjustment’ button.

Unibail-Rodamco Acquisition of Westfield Corporation Step 2

3 – On the pop-up window, select ‘Return of Capital’ from the transaction type dropdown.

Unibail-Rodamco Acquisition of Westfield Corporation Step 3

Based on the Scheme Implemented letter, set the:

Unibail-Rodamco Acquisition of Westfield Corporation Step 4 - 9

4 – ‘Paid On Date’ : 07 June 2018

5 – ‘Date of trade’: 01 June 2018

6 – ‘Capital Returns Value’: (USD$2.67 x number of WFD shares held on Scheme Record Date x conversion rate) - Conversion rate is USD$1:AUD$1.316616

New Zealand Tax Residency portfolios, need to enter ‘Ex. rate’: conversion rate NZD/AUD - 0.92348158

Unibail-Rodamco Acquisition of Westfield Corporation NZ - Ex rate

7 – ‘Comment’: Unibail-Rodamco acquisition of Westfield. Scheme record date is 01 June 2018.

8 – Choose a file: to help keep your records in order, you can attach the Scheme Implemented letter.

9 – Click ‘Save this trade’ button.

Example

If you owned 200 shares of WFD as of the Scheme Record Date, the Capital Return Value: AUD $703.0729 = 200 WFD shares x USD $2.67 x 1.316616 (USD:AUD).

Unibail-Rodamco Acquisition of Westfield Corporation Step 4 - 9 example

How to Handle OneMarket Capital Distribution

10 – On the Westfield Corporation Individual Holding Page, click ‘Enter a new Trade or Adjustment’ button.

10 On market

Based on the OneMarket Demerger Booklet, set the:

11 - ‘Paid On’: 07 June 2018

12 - ‘Ex-Date’: 01 June 2018

13 - ‘Unfranked Amount’: A$0.0677 x number of WFD shares held on Scheme Record Date

14 - ‘Comment’: Demerger of OneMarket Limited from Westfield Corporation. Scheme record date is 01 June 2018.

15 - Choose a file: to help keep your records in order, you can attach the Cost Base Information.

16 - Click ‘Save new payment’ button.

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Example

If you owned 200 shares of WFD as of the Scheme Record Date, the dividend payment: AUD $13.54 = 200 WFD shares x AUD$0.0677.

Westfield Corporation merge with Unibail-Rodamco

17 – On the Westfield Corporation Individual Holding Page, click on ‘Holding Settings’ tab.

westfield 17

18 – Click on ‘Merge this holding’ button.

Unibail-Rodamco Acquisition of Westfield Corporation Step 18

Note: Shareholders have the options to either elect to receive Unibail-Rodamco Stapled Shares on the Euronext stock exchange or Unibail-Rodamco CDIs on the ASX stock exchange, please follow the steps for the option you elected for.

Elected for Unibail-Rodamco CDIs on the ASX stock exchange:

19 – On the Merge Holding pop-up window, set the ‘Date of Merge’ as 01 June 2018.

Unibail-Rodamco Acquisition of Westfield Corporation Step 19 ASX

20 - Click the ‘edit’ link.

20 - westfield

21 - In the ‘Market price of cancelled holding’, field type 5.32.

21 - westfield

22 – Type Unibailrodawestfield or ‘URW’ in the search field and select ‘ASX:URW Unibailrodawestfield’ from the dropdown list.

22 - westfield

23 Type in the ‘Quantity’ field: (0.018¹ x WFD shares held on Scheme Record Date x 20 CDIs²)

¹ Rounding from 0.01844. The number of New Unibail-Rodamco Stapled Shares underlying the New Unibail-Rodamco CDIs that a Westfield Securityholder is entitled to receive is subject to rounding.

² Based on an exchange ratio of 20 New Unibail-Rodamco CDIs for each New Unibail-Rodamco Stapled Share that a Westfield Securityholder is entitled to receive.

Example If you owned 200 WFD as of the scheme record date, the quantity is 72 = 200 x 0.018 URW shares x 20 CDIs*.

*CHESS Depositary Instruments (or CDIs) are used to enable trading on the ASX of financial products issued by entities domiciled in countries whose laws may not recognise uncertificated holders or electronic transfer of title through CHESS. More information on the ASX website.

24 – In the ‘Comments’ field, type a note for your reference of why this acquisition happened.

25 – Choose a file: to help keep your records in order, you can attach the Scheme Implemented letter.

26 – Click ‘Save changes’.

23 - 26 - westfield

The Unibailrodawestfield Individual Holding Page will load with the merged shares added.

Unibail-Rodamco Acquisition of Westfield Corporation ASX holding

The Westfield Corp holding will still appear on your Portfolio Overview Page when you have enabled the Open & Closed Positions setting (include sold holding).

The Portfolio Overview Page will load.

Unibail-Rodamco Acquisition of Westfield Corporation Portfolio Overview Page

OneMarket Demerger

27 – Click on the ‘Add or Import Holdings’ button.

Onmarket - 27

28 – On the left hand side of the page, search for OneMarket or OMN to locate the security.

Onmarket - 28

29 – Select ‘Opening Balance’.

30 – Select ‘Opening Balance Date’ as 01 June 2018.

31 – Input ‘Cost Base’: AUD$1.3527 x number of OMN shares held on Scheme Record Date

32 – Type ‘Quantity’ as ‘1 OneMarket Share for every 20 Westfield shares’ they hold as at the Demerger Record Date.

“If, as a result of this calculation, the number of OneMarket Shares is not a whole number, the number will be rounded up to the nearest whole number of OneMarket Shares.” As stated in the Demerger Booklet

33 – Click ‘Save this holding’.

Onmarket - 29 - 32

Example If you owned 10 OMN as of the scheme record date, the: Cost base is $13.527 = 200 WFD shares / 20 = 10 OMN Shares x AUD$1.3527

Onemarket

The guide above is a suggestion on how to handle the corporate action in Sharesight and is not finance or tax advice. We advise you to consult your financial advisor or accountant. We also encourage you to review the official documents for full details.

Westfield Shareholder that elected to received Unibail-Rodamco Stapled Shares rather than Unibail-Rodamco CDIs:

19 – On the Merge Holding pop-up window, set the ‘Date of Merge’ as 07 June 2018.

Unibail-Rodamco Acquisition of Westfield Corporation Step 19 EU

20 – Click the ‘Edit’ link.

20 - westfield

21 - In the ‘Market price of cancelled holding’, field type 5.32.

21 - westfield

22 – Type Unibail-Rodamco-Westfield or ‘URW’ in the search field and select ‘EURONEXT:URW Unibail-Rodamco-Westfield’ from the dropdown list.

22 - westfield

23 – Type in the ‘Quantity’ field: WFD shares held on scheme record date

Example If you owned 200 WFD as of the scheme record date, the quantity is 200

24 – In the ‘Comments’ field, type a note for your reference of why this acquisition happened.

25 – Choose a file: to help keep your records in order, you can attach the Scheme Implementation letter.

26 – Click ‘Save changes’.

23 - 26 - westfield EU

The Unibail-Rodamco-Westfield Individual Holding Page will load with the merged shares added.

Unibail-Rodamco Acquisition of Westfield Corporation EU holding

The Unibail-Rodamco-Westfield holding will still appear on your Portfolio Overview Page when you have enabled the Open & Closed Positions setting (include sold holding).

Now follow the steps for the OneMarket Demerger

The guide above is a suggestion on how to handle the corporate action in Sharesight and is not finance or tax advice. We advise you to consult your financial advisor or accountant. We also encourage you to review the official documents for full details.

Last modified on August 9, 2018 UTC