PIEs on NZSX

[fungus pudding]

Where can I find a list of PIEs among NZX listings? Obviously the listed property trusts are (not that any of their web sites say so) - but is there a list of others somewhere?

[alokdhir]

All Smartshares Index funds and KFL , MLN , BRM are also listed PIEs

[777]

Just the property companies and the Fisher three that I know of. Some of SPG is a dividend rather than a PIE distribution. Something to do with stapled securities which I don't fully understand.

[Snow Leopard]

....Something to do with stapled securities which I don't fully understand.

Stapled securities are shares in two (or more) companies that are bought, held, and sold together.
In the old days of share certificates you got two (or more) certificates physically stapled together and you were not allowed to remove the staple.

Usually the individual companies are very closely related but there are tax advantages in them being separate entities.

With SPG you get one share in Stride Property and one share in Stride Investment Management, and their dividends are listed separately.

Hope that helps

[fungus pudding]

Stapled securities are shares in two (or more) companies that are bought, held, and sold together.
In the old days of share certificates you got two (or more) certificates physically stapled together and you were not allowed to remove the staple.

Usually the individual companies are very closely related but there are tax advantages in them being separate entities.

With SPG you get one share in Stride Property and one share in Stride Investment Management, and their dividends are listed separately.

Hope that helps

That's it. Stride Property group, which is a PIE and SIML which is non pie. Which brings me back to my moan. Nowhere on Strides website does it mention the PIE ansd non-pie aspect of stride.

[Snow Leopard]

That's it. Stride Property group, which is a PIE and SIML which is non pie. Which brings me back to my moan. Nowhere on Strides website does it mention the PIE ansd non-pie aspect of stride.

That is nothing to moan about. Moan about this instead:

Even though SPG is a PIE not all of the dividend amount is PIE related:
look at their last div statement

and this situation is to a variable extent true for many other PIE entities as well.

So try feeding that into your tax return without making a mistake.

[fungus pudding]

That is nothing to moan about. Moan about this instead:

Even though SPG is a PIE not all of the dividend amount is PIE related:
look at their last div statement

and this situation is to a variable extent true for many other PIE entities as well.

So try feeding that into your tax return without making a mistake.

That is SIML you have posted. Not SPG.

SPG.JPG

[iceman]

I invest in a few Smartshare ETFs and they are all PIEs

[fungus pudding]

I invest in a few Smartshare ETFs and they are all PIEs

Yet there is no mention of this on their website - or on any other websites as far as I can see.

[iceman]

Yet there is no mention of this on their website - or on any other websites as far as I can see.

It is silly how difficult it is to find but in the "product disclosure statement" on their website, this is what it says:
"How will your investment be taxed?
Each fund is a listed portfolio investment entity (PIE).
As a listed PIE, each fund will pay tax on taxable income
at the rate of 28%. See section 6 for more information."