How to process in specie corporate action?

Mary Wadey

• 14 July 2023 05:08

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  Christopher Banks

  • 01 August 2023 03:53

  Hi Mary,

  Thank you for your question.

  In terms of the question, this most likely refers to the in specie dividend for the woodside merger.

  In this case, you would need to journal to the investment account to record the new units and their cost base, against the Dividend account of the held investment for the merger (BHP).
  
  Thank you for reaching out and I hope the above resolves your question.

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