Westfield Group distribution 2015

Factsheet August 2015

On 29 August 2014, Westfield Group (WDC) made a final cash distribution of $0.2625 per stapled security to holders who held WDC on the record date of 25 June 2014. WDC indicated the distribution relates to the 2014/2015 tax year and have now provided the tax components which include a small non-assessable tax deferred amount.

Due to the Westfield Group Restructure and merger with Westfield Retail Trust on 30 June 2014, we have reported this distribution on the Westfield Corporation (WFD) and Scentre Group (SCG) stapled securities rather than on WDC. This is to reflect the cost base reduction on the restructured WFD and SCG stapled securities.

The WDC cash distribution has been split into two separate distributions in your Income and Tax Report on 1 July 2014 as follows:

  • Approximately $0.2380 per WFD stapled security, and
  • Approximately $0.0245 per SCG stapled security.

The sum of the WFD distribution and SCG distribution will reconcile to the cash amount received from WDC which appears on your Cash Transactions Report.