| Selection |
Reconstruction |
Description |
| Structural |
Stock Split |
A reduction in the value of shares, which increases the number of issued shares in a corporation. A four to one split would see an investor that had 100 shares @ $4 each before the split now have 400 shares @ $1 each after the split. The total price of his investment would be unchanged. |
| Stock Consolidation |
The company reduces the number of issued shares, which results in an increase in the value of the shares. 400 shares @ $1 each before the consolidation becomes 100 shares @ $4 each after the split. |
| Stock subdivision of no par value |
A Stock Split of no par value |
| Complex Capital Change |
An event can be classed as a complex capital change when there is more than one event passed for a company on the same day. This may be due to multiple companies merging, resulting in the distribution of different securities to shareholders. |
| Distribution |
Rights issue in same stock |
An offer of extra shares in the same stock, given to an existing shareholder. Shares are generally offered below the current price to raise money for the company. These offers lapse unless renounceable. |
| Rights issue in different stock |
An offer of extra shares in a different stock, given to an existing shareholder. |
| Non-renounceable rights issue in same stock |
A rights offer in the same stock that can be taken or forfeited. It cannot be traded on the market. |
| Non-renounceable rights issue in different stock |
A rights offer in a different stock that can be taken or forfeited. It cannot be traded on the market. |
| Scrip issue in same stock or Non-renounceable scrip issue in same stock |
Shares in the same stock that are issued free (bonus) to the existing shareholder. A company may make a scrip issue as an alternative to increasing its dividend payout. New shares are issued to shareholders in proportion to their holdings (ie. One bonus share for every five shares held). |
| Scrip issue in different stock or Non-renounceable scrip issue in different stock |
Shares in a different stock that are issued free (bonus) to the existing shareholder. |
| Dividend |
Cash Dividend |
This is the cash amount paid in dividends to each ordinary shareholder for each share held for the financial year. To be entitled to a dividend the shareholder must have purchased shares before the ex dividend date. |
| Stock Dividend in different stock |
A dividend paid in the form of additional shares in a subsidiary company. |
| Capital Change |
Return of Capital |
A distribution of cash resulting from depreciation tax savings, the sale of capital asset or securities, or any other transaction unrelated to retained earnings. |
| Write-up of Capital |
A revaluation of an asset downwards (upwards). |
| Write-off of Capital |
To charge an expense or cost of as asset to profit. Also called charge off. |
| Unspecified Capital Change event |
| Contract Swap |
Future Contract Swap |
This only effects future continuous contracts. Everytime the contract changes an adjustment is passed to make the swap-over smoother. |
| Others |
Stock Dividend in same stock |
A dividend paid in the form of additional shares in the company. |
| Rescinded Capital change |
Reconsidered capital change event. |
