What is a Appendix 3A.5 - Notification of return of capital by way of in specie distribution of +securities in another entity Form

An in specie distribution is when a company distributes assets to its shareholders, such as shares in another company, instead of cash. This can happen when a company sells an asset and distributes the proceeds in the form of shares in another company.

ABC Corporation has a subsidiary company, XYZ Pty Ltd, that owns a valuable piece of real estate. ABC Corporation decides to sell the real estate for $10 million and distribute the proceeds to its shareholders. However, instead of distributing the cash, ABC Corporation decides to distribute shares in XYZ Pty Ltd, which would represent the same value as the cash return.