Separation of new News Corporation from Twenty-First Century Fox, Inc.
This document contains information for current or former shareholders in Twenty-First Century Fox, Inc. (21CF) after the separation of News Corporation (News Corp).
This information applies to you if – you:
- are an individual, not a company or trust
- are an Australian resident for tax purposes
- held Class A common stock and/or Class B voting common stock in 21CF on 21 June 2013 (record date)
- hold your shares as an investment asset, not
- as trading stock
- as part of carrying on a business
- to make a short-term or one-off commercial gain.
21CF (then News Corporation) separated its media and entertainment and its publishing businesses into two independent publicly traded companies – 21CF and the new News Corporation (new News Corp) – on 28 June 2013 (the Separation). This was completed by distributing shares to its shareholders of the new News Corp.
The Separation involved a distribution under which you received:
- one Class A common stock in new News Corp for every four Class A common stock held in 21CF
- one Class B voting common stock in new News Corp for every four Class B voting common stock held in 21CF.
You were entitled to the distribution if you held Class A common stock or Class B voting common stock in 21CF on 21 June 2013 (Record date).
You received a capital distribution worth $4.15 for each 21CF Class A common stock from the Separation.
You received a capital distribution worth $4.12 for each 21CF Class B voting common stock from the Separation.