Charter Hall Group (ASX:CHC) Announces Capital Reallocation
Capital Reallocation Details
Charter Hall Group has approved a capital reallocation of 84.56 cents per security, moving capital from Charter Hall Limited (CHL) to Charter Hall Property Trust (CHPT). This includes a return of capital of 24.52 cents per CHL share and a special fully franked dividend of 60.04 cents per CHL share, with a franking credit of 25.73 cents per share.
Tax Implications
The company has obtained a draft Class Ruling from the Australian Taxation Office, confirming the taxation implications of the capital reallocation for Securityholders. The formal ruling is expected to be released 5–6 weeks after the implementation date.
Security Details
Charter Hall’s stapled securities consist of CHL shares and CHPT units. Under the reallocation proposal, the proceeds will be automatically applied as additional capital to CHPT, with no cash payments or issuance/cancellation of shares or units.
Key Dates
The capital reallocation amount of 84.56 cents per CHL share will be recorded on 10 April 2025 and implemented on 11 April 2025 before market opening. Securityholders will receive a statement confirming the implementation around 23 April 2025.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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