Reverse Estimated Reinvestments

In the Reverse Estimated Reinvestment panel, you can reverse or cancel estimated dividend reinvestment distribution transaction. When you submit this panel, the system reverses the estimated reinvestment transaction and the associated estimated reinvestment reversal transaction. 

If you use the Automated Event Wrapper rather than this panel to reverse estimated reinvestments, the system reverses the postings during valuation close re-open so that the postings do not have an impact on class allocation ratios. During valuation close, the system processes class allocations first and then processes the estimated reinvestment. The estimated reinvestment does not impact the class allocation ratios; it only impacts the total net assets and total shares outstanding for the share class being processed. The net NAV impact of the transaction is zero, because the transaction is processed at the current day’s NAV/share.

To reverse estimated reinvestment for periodic distributions:

1. In Accounting Center, in the left navigation pane, click Fund Accounting > Distributions > Periodic Distributions > Reverse Estimated Reinvestment.
   You see the Reverse Estimated Reinvestment panel.

   Open

   

2. In the Entity Name and Entity ID fields, select the master fund associated with the periodic distributions for which you are reversing estimated reinvestment.

3. In the Begin Date field, select the starting date for the estimated reinvestment transaction you want to cancel. 

4. Click Submit.
   The system cancels the selected estimated reinvestment.

In the Global Process workspace, you can view the two loopbacks with an Event Type of ADD_DIST_LOG created for the two transactions.

Open

In the Shareholder Activity report, you can view the related shareholder activity for the reversal in the Estimated Reinvestments tab.

In the Accounting Journal, you can view the related journal entries for the reversal.