Anin-specie transferis the process oftransferringassets without selling the underlying investment. This process is often used intransferringmanaged funds or shares. 'In-specie' is a Latin phrase meaning 'in its actual form. ' Therefore, atransfermade 'in-specie' is atransferof an asset in its present form.
In layman's term it means when LNK lists PEXA, if LNK distributes its holding to shareholder - shareholders will get allocated some shares without having to pay for it out-of-pocket. Normally if ATO provides a ruling then the distribution will not be subject to Capital Gains Tax.
Hope this helps. Also refer to your accountant for tax advice
LNK Price at posting:
$5.07 Sentiment: Buy Disclosure: Held