Cirrus Networks (CNW) & Atturra (ATA) Corporate Action

Managing trading & investments Corporate action
1

Hi All -
I had 77,000 CNW shares
On 11/12/2023 the following happened:

  1. I received 0.0179 ATA shares for every CNW share I held.
  2. I received 0.0473 cash for each CNW share I held.
    So i received $3,642.10 cash and 1,378 ATA shares
    How do i account for this in sharesight so that i get taxed correctly, and so the ongoing position is correct?
    Cheers
    Justin
2

Hi @JJB add a return of capital entry for CNW at $0.0473 for each CNW share held. Then use the merge feature to convert your CNW shares to ATA at the given ratio.
Let us know how you go.

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3

Hi Piumi,

The merge feature does not appear to be working,
When I add the “new Holding” (ASX: ATA), the cost base shows as $0 and cannot be edited.
Is this a system bug, or is there another way to complete this?
Cheers,
Justin

4

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5

Hi @JJB if the capital return amount exceeds your cost base for CNW, then your cost base will become 0 for the ATA shares.

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