Commonwealth Property Office Fund (CPA) Takeover

On 11 December 2013 Dexus (Dexus) and Canada Pension Plan Investment Board (CPPIB) (together "the Consortium") made a cash and scrip off-market takeover offer (the "Dexus Offer") to acquire all of the issued units in Commonwealth Property Office Fund (CPA).

The Dexus Offer provided the following cash and Dexus scrip consideration options (expressed per CPA Unit):

  • $0.7745 cash: and
    0.4516 Dexus stapled securities

OR

  • $0.8496 cash; and
    0.3801 Dexus stapled securities

On 3 March 2014 Dexus announced it had a relevant interest in over 90% of CPA Units and proceeded with the compulsory acquisition of the remaining CPA Units. The Dexus offer closed on 7 March 2014.

In April 2014 Dexus Funds Management Limited announced that it had become the responsible entity of CPA and that it had completed the Compulsory Acquisition, taking its holding to 100% of CPA units.

In March 2016, all unclaimed cash and scrip consideration from the Dexus Offer was transferred to the Australian Securities & Investments Commission (ASIC). To claim your outstanding cash and scrip consideration please visit ASIC’s Moneysmart website or contact them on 1300 300 630

The Bidders Statements provided throughout the Dexus Offer period are available below.


CPA Historical Information

Historical CPA distribution, tax, unit price and unit issue information is available below.

If you wish to download your past CPA distribution and or tax statements, you can still access your CPA unitholding via Link Market Services Limited to download your statements. You will need your CPA SRN/HIN and your registered postcode to access your holding.


CPA Distribution and Tax History

CPA's historical distribution details are provided below.

    Non-income tax assessable Income tax assessable Dividends
Distribution period ended Distribution cpu1 Tax deferred2
%
Tax
free2
%
CGT concessional2
%
Discount capital gain2
%
Other capital gain2
%
Franked dividend % Franking credits cpu1
31 Dec 2012 3.20              
30 June 2013 3.35              
30 June 2013 6.55 23.4     6.27   0.15 0.0031
31 Dec 2011 2.89              
30 June 2012 3.20              
30 June 2012 6.09 14.93     30.65   0.12 0.00224
31 Dec 2010 2.75              
30 June 2011 2.75              
30 June 2011 5.50 24.02            
31 Dec 2009 2.65              
30 June 2010 2.90              
30 June 2010 5.55 17.63     2.66      
31 Dec 2008 4.60              
30 June 2009 4.20              
30 June 2009 8.80 6.75     19.89      
31 Dec 2007 4.60              
30 June 2008 4.60              
30 June 2008 9.20 33.77     11.73      
31 Dec 2006 5.08              
30 June 2007 4.87              
30 June 2007 9.95 45.80   1.43 1.43      
31 Dec 2005 4.83              
30 June 2006 4.84              
30 June 2006 9.67 42.09            
31 Dec 2004 4.83              
30 June 2005 4.80              
30 June 2005 9.63 46.67            
31 Dec 2003 4.78              
30 June 2004 4.80              
30 June 2004 9.58 37.18            
31 Dec 2002 4.62              
24 April 20034 1.10              
30 June 2003 4.63              
30 June 2003 10.35 11.99   1.94 2.66 35.10    
31 Dec 2001 4.41              
30 June 2002 4.49              
30 June 2002 8.90 30.34            
31 Dec 2000 4.05              
30 June 2001 4.36              
30 June 2001 8.41 22.83 2.62          
31 Dec 1999 3.81              
30 June 2000 3.97              
30 June 2000 7.78 18.64 5.53          
19 April 1999 to 30 June 1999* 1.51              
30 June 1999 1.51 47.68 5.96        

1 cpu = cents per unit.

2 The components listed do not add to 100%. The balancing item is other assessable income.

3 Includes a special distribution of 0.22cpu arising from the sale of 540 Springvale Road, Glen Waverley.

4 The special distribution arose from the sale of the industrial assets previously held in the CFT portfolio on 7 April 2003.

* Commonwealth Property Office Fund (CPA) allotted its initial public offering of units on Monday 19 April 1999.


CPA MIT Fund Payment Notices

Managed Investment Trust information pursuant to Subdivision 12-H of Schedule 1 to the Taxation Administration Act 1953.

The components that make up the CPA distribution for use only by non-resident unitholders and custodians of non-resident security holders are provided below:


Unit Price History

CPA's historical unit price details are provided below.

Date Close ($ per unit)
10 March 2014* 1.245
31 December 2013 1.245
30 June 2013 1.100
31 December 2012 1.020
30 June 2012 1.015
31 December 2011 0.955
30 June 2011 0.940
31 December 2010 0.830
30 June 2010 0.930
31 December 2009 0.970
30 June 2009 0.830
31 December 2008 1.180
30 June 2008 1.235
31 December 2007 1.545
30 June 2007 1.675
31 December 2006 1.470
30 June 2006 1.390
31 December 2005 1.275
30 June 2005 1.265
31 December 2004 1.250
30 June 2004 1.150
31 December 2003 1.150
30 June 2003 1.200
31 December 2002 1.170
30 June 2002 1.210
31 December 2001 1.200
30 June 2001 1.156
31 December 2000 1.029
30 June 2000 0.960
31 December 1999 0.930
30 June 1999 0.960
29 April 1999 1.000

* Last day CPA traded prior to delisting on 24 April 2014.


Unit Issue History

The following summarises the key historical data in respect of all units issued by CPA since it was listed on the Australian Securities Exchange in April 1999.


Date Issue Number of units Issue price $
30 March 2012 On-market buy-back2 (3,692,837) 0.96
23 March 2012 On-market buy-back2 (5,607,448) 0.97
16 March 2012 On-market buy-back2 (18,669,182) 0.96
9 March 2012 On-market buy-back2 (1,802,813) 0.97
2 March 2012 On-market buy-back2 (1,510,000) 0.97
24 February 2012 On-market buy-back2 (1,661,048) 0.97
17 February 2012 On-market buy-back2 (1,598,683) 0.97
10 February 2012 On-market buy-back2 (4,869,349) 0.97
3 February 2012 On-market buy-back2 (3,186,292) 0.97
11 December 2011 off-market buy-back (68,522,487) 0.97
29 August 2011 Consideration for performance fee 4,508,520 1.10
29 August 2011 Consideration for performance fee 4,015,321 1.13
21 December 2010 Placement 68,181,819 0.86
17 December 2010 Retail Entitlement Offer 40,061,453 0.86
30 November 2010 Placement 50,000,000 0.86
29 November 2010 Entitlement 94,135,439 0.86
29 November 2010 Institutional placement 184,417,770 0.86
12 April 2010 Consideration for performance fee 3,468,099 0.86
12 April 2010 Consideration for performance fee 3,948,454 0.86
12 April 2010 Consideration for performance fee 4,447,667 1.62
12 April 2010 Consideration for performance fee 4,026,232 1.41
6 January 2010 Unit purchase plan 26,208,685 1.15
30 November 2009 Institutional placement 109,890,110 0.91
12 March 2009 Unit purchase plan 16,629,063 0.80
30 January 2009 Institutional placement 240,545,859 0.80
10 March 2008 On-market buy-back1 (404,000) 1.23
6 March 2008 On-market buy-back1 (410,000) 1.21
4 March 2008 On-market buy-back1 (395,000) 1.25
25 February 2008 On-market buy-back1 (400,000) 1.29
24 October 2007 On-market buy-back1 (10,163,155) 1.55
23 October 2007 On-market buy-back1 (614,883) 1.57
22 October 2007 On-market buy-back1 (381,100) 1.60
17 October 2007 On-market buy-back1 (265,009) 1.64
16 October 2007 On-market buy-back1 (270,000) 1.65
27 September 2007 On-market buy-back1 (196,919 1.68
25 August 2006 Consideration for performance fee 539,456 1.38
28 February 2006 Consideration for performance fee 1,903,906 1.28
13 October 2005 Placement 102,880,658 1.22
22 August 2005 Consideration for performance fee 2,990,303 1.28
4 February 2005 Unit purchase plan 24,556,000 1.25
4 February 2005 Placement 32,000,000 1.25
27 August 2004 Consideration for performance fee 422,308 1.16
27 August 2004 Consideration for performance fee 3,079,031 1.17
29 August 2003 Consideration for performance fee 2,696,670 1.19
30 June 2003 Placement 81,967,213 1.22
3 March 2003 Consideration for performance fee 2,639,560 1.21
8 October 2002 New ordinary issue 740,336,828 *
20 May 2002 Unit purchase plan 11,006,317 1.14
24 April 2002 Placement 22,850,877 1.14
23 August 2001 Placement 17,500,000 1.13
25 June 2001 Placement 24,270,000 1.03
29 April 1999 Listing 545,500,000 1.00

* 1.19 CPA units for each Colonial First State Property Trust Group (CFT) unit held.

1 On 26 September 2007, CPA c1ommenced an on-market buy-back of up to 10% (or approximately) 161.7 million units) of CPA units.

2 On 15 December 2011, CPA announced an on-market buy-back of up to 10% of CPA units, including those units bought back under the off-market buy-back completed on 14 December 2011. The total number of units able to be bought back under the on-market buy-back was 154.9 million units.