FAQs

 


  1. What is the difference between Issuer Sponsored and Chess Sponsored share holdings?
  2. My address has changed – who do I notify?
  3. Can I check my Argo shareholding on-line?
  4. How can I transfer my Argo shares off-market to someone else?
  5. What is an LIC capital gain dividend and how do I treat it in my tax return?
  6. What is the difference between Argo Investments Limited and an unlisted Managed Fund?


What is the difference between Issuer Sponsored and Chess Sponsored share holdings?

Argo shares can either be sponsored by Argo itself or by your broker. If your Argo shares are sponsored by the Company, they are known as Issuer Sponsored and are held on the Issuer Sponsored Subregister. Issuer Sponsored shares have a Shareholder Reference Number (SRN) beginning with ‘I’ and can be traded through any broker.
However, if you have signed an agreement with your broker that the broker sponsors your shares, the shares are held on the Chess Subregister. You would have the same Holder Identification Number (HIN), starting with ‘X’, for all your various shareholdings with that broker.
Most queries regarding your Argo shareholding can be resolved by accessing our on-line registry in the Share Registry section of the website. You will need your SRN or HIN as appropriate. If you have further questions, you can contact the Argo share registry directly, although Chess Sponsored holders may need to contact their broker if particular amendments to their holding are required, such as a change of address.
For further information regarding Chess please refer to www.asx.com.au
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My address has changed – who do I notify?

If you are Chess Sponsored (Holder Identification Number (HIN) starting with ‘X’) you will need to advise your broker who will arrange for the change to be noted in the Company’s share register.
If you are Issuer Sponsored (Shareholder Reference Number (SRN) starting with ‘I’) you should write directly to the Argo share registry (or send a fax) with details of the change and which of your accounts it affects. Please include the signature of all holders/directors/trustees, as applicable.
Postal address is:  GPO Box 2692, Adelaide, SA 5001
Facsimile number is:  (08) 8212 1658
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Can I check my Argo shareholding on-line?

You can view your shareholding on-line by visiting the Share Registry section of our website. You will need your Shareholder Reference Number (SRN) if you are Issuer Sponsored or your Holder Identification Number (HIN) if you are Chess Sponsored.
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How can I transfer my Argo shares off-market to someone else?

Standard Transfer forms can be downloaded from the Share Registry section of the website. It is important to make sure that both the ‘buying’ and ‘selling’ parties to the transfer sign the form.
Please note that if one or both of the parties to the transfer are Chess Sponsored, you will need to contact your broker so that they can process the transfer through the Chess system. Otherwise you can post the completed form to us at GPO Box 2692 Adelaide SA 5001.
If the ‘buying’ party is to be a shareholder for the first time, they must receive a minimum of $500 worth of shares.

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What is an LIC capital gain dividend and how do I treat it in my tax return?

As a result of lobbying by the Argo Board and the Company’s shareholders, together with the efforts of the Australian Listed Investment Companies Association, the Federal Government removed the discrepancy in the tax treatment of capital gains made by listed investment companies as compared with capital gains made by managed funds and individuals.
When Argo pays dividends which are sourced from eligible capital gains, it will declare them as LIC capital gain dividends. Certain shareholders such as individuals, trusts and super funds can now claim the applicable capital gain discount as though they owned the stock themselves.
The dividend statement will clearly distinguish between the normal dividend and the LIC capital gain portion, and will advise the required taxation disclosures.
If you would like further guidance, you can refer to the worked example on the Australian Tax Office’s website (search for ‘LIC dividend’ on www.ato.gov.au) or contact your accountant.
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What is the difference between Argo Investments Limited and an unlisted Managed Fund?

Argo is a Listed Investment Company (LIC) and its shares can be bought or sold on the Australian Securities Exchange. Unlisted Managed Funds however do not trade on a securities market and are open ended unit trusts. Investors buy or sell the units by directly applying to the manager.
We consider there to be a number of advantages of owning LICs rather than units in a managed fund. The ‘Benefits of Investing’ section of this website outlines some of these advantages.

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