Would appreciate any advice on the following
This AMP unit trust has just made its final distribution on 6/9/2019 - payout of capital & income has been progressively made over the past year or so. Now they are nil value.
With the fund being previously delisted, I have been manually updating unit price in SF360 - last update now on 7/9/2019 at $0.0.
Next thing I’d like to do is get rid of the units shown on SF360, albeit at zero value.
Support call response received today suggested manual journal entry to dispose of this 0 value investment to 99900 “suspense account”. This approach doesn’t seem that elegant to me?
I was thinking a Corporate Action would be better, however none seem to be applicable/suitable - there is one called “return of capital”, but doesn’t seem suitable??
Or is there a more elegant way to dispose of these units, now that they are worthless??