How to deal with iag special dividend and capital return payment?

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  • Updated 2 weeks ago
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B Chappell

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Posted 3 weeks ago

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David M

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I would have three separate transactions on two dates.
On the first day, I would record the 5.5 cent fully franked dividend,
AND the 19.5 cent capital return, to reduce the cost base.
In the second day, I would enter the share reduction - so as not to confuse the number of shares on which the dividend and capital return is calculated.
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Astro

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I did similar but used the stock split function for the share reduction bit.

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David M

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I was less than clear - I too would use the stock split for the share reduction, as this provides the best process.