MGE to MGOC conversion

[gordanM]

Did anyone manage to get the correct value of MGOC baseline price after MGE to MGOC conversion?

Following current Sharesight instructions give the wrong value and I am still waiting for Sharesight to respond (they will come back but did not happen so far)

[Jack_Sharesight]

Hi @gordanM! We’ve just launched a post on how to handle this correctly. You can find this below!

How to handle Magellan Restructure in Sharesight? (MGG and MGE conversion to MGOC)

As per the instructions issued by Magellan on 30 June 2021, the Restructure is a Capital Gains Tax (CGT) event, but investors may be eligible to elect for CGT scripfor-scrip rollover relief to disregard capital gains. To be eligible to elect for CGT scrip-for-scrip rollover relief, the MGE/MGG unitholder must first determine whether a capital gain or a capital loss arose as a result of the Restructure. Step 01.(A) is to identify, if you have a capital or loss. Determine your cost base or red…