NES reallocated capital from NESF to NESL on 24 June 2021.
This net asset information will be updated shortly after announcement of the NEW Annual and Half Year Financial Results. The net assets of Company and Trust at half year end are outlined below. “One reasonable basis of apportionment is to base it on the portion of the value of the stapled security that each security represented.” The Australian Taxation Office state on their website that the allocation of any purchase price (or sale price) of the securities acquired (or sold) on market must be done on a reasonable basis. Cost base of securities acquired on market The information provided below is designed to assist you apportion your cost base across each share and unit. Your cost base for each Company share and Trust unit will be equal to what you paid for each security together with any incidental costs of acquisition or disposal such as brokerage fees and stamp duty. Following a short period of conditional trading to effect the un-stapling, NEW shares continued trading under the ASX ticker NEW from 2 July 2021. At a General Meeting of New Energy Solar Fund on 25 June 2021, investors approved the winding up of the trust in NEW’s corporate structure which resulted in the un-stapling of NEW securities from 1 July 2021. However, Company shares and Trust units each comprise separate assets for Australian capital gains tax purposes. This share and unit were traded as one NEW stapled security ( NEW stapled security) on the Australian Securities Exchange ( ASX). Prior to 1 July 2021, a NEW stapled security comprised a share in New Energy Solar Limited ( Company) and a unit in New Energy Solar Fund ( Trust). Tax Information Relating to your New Energy Solar (NEW) Stapled Security
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