BetaShares Announces Estimated Distributions for September 2024
BETASHARES WESTN ASSET AUS BOND FUND (MANAGED FUND) (BND) Share Update September 2024 Friday 27th
BetaShares Announces Estimated Distributions for September 2024
BetaShares Capital Ltd has announced the estimated distribution amounts for three of its managed funds for the period ending September 2024.
Instant Summary:
- BetaShares Western Asset Australian Bond Fund (BNDS) estimated distribution: $0.07617093 per unit.
- BetaShares Martin Currie Equity Income Fund (EINC) estimated distribution: $0.09348694 per unit.
- BetaShares Martin Currie Real Income Fund (RINC) estimated distribution: $0.07127354 per unit.
- Distribution period ending September 2024.
- Trading of BNDS units on the ASX will remain available during the close period.
Distribution Details
BetaShares Capital Ltd has announced the estimated distribution amounts for three of its managed funds for the period ending September 2024. These funds include the BetaShares Western Asset Australian Bond Fund (BNDS), the BetaShares Martin Currie Equity Income Fund (EINC), and the BetaShares Martin Currie Real Income Fund (RINC).
The estimated distribution amount for the BNDS fund is $0.07617093 per unit. For EINC, the estimated distribution is $0.09348694 per unit, and for RINC, it is $0.07127354 per unit. These estimates are subject to change and may differ from the final distribution figures.
Important Dates
The distribution period ends in September 2024. The ex-distribution dates and final distribution announcement dates are as follows:
- BNDS: 01 October 2024
- EINC: 01 October 2024
- RINC: 02 October 2024
For BNDS, application and redemption requests will not be accepted from Authorised Participants on 26 September 2024 to facilitate the calculation of the distribution. However, trading of the fund's units on the ASX will remain available, and NAV information will continue to be published. The fund will reopen for applications and redemptions on 01 October 2024.
Tax and Distribution Information
Each distributing fund is an Attribution Managed Investment Trust (AMIT) for the purposes of the Income Tax Assessment Act 1997. Under the AMIT tax rules, a fund may distribute a level of cash that is different from the taxable income attributed to investors.
Investors must be registered as unitholders of the funds as of the record date to be eligible to receive a distribution. To be eligible, units must be purchased before the ex-distribution date, and the transaction must be settled and entered on the register by the record date.
For eligible unitholders, the Distribution Reinvestment Plan (DRP) is operating for the funds. DRP elections must be received by the registrar, Link Market Services, by 5pm AEST on 03 October 2024. Distributions will be reinvested in units according to the DRP terms and conditions.
The announcement of estimated distributions for BetaShares' managed funds provides investors with an indication of potential income from their investments. This information can impact investor sentiment and trading activity, particularly for those relying on regular income from these funds. The temporary suspension of applications and redemptions for BNDS may cause some short-term liquidity concerns, but the continued availability of trading on the ASX mitigates this risk.
Investor Reaction:
Analysts and investors are likely to view the estimated distributions positively, as they provide clarity on expected income. The temporary suspension of applications and redemptions for BNDS is a standard procedure and is not expected to cause significant concern. Overall, the announcement is seen as routine but important for income-focused investors.
Conclusion:
Investors should take note of the estimated distribution amounts and important dates to ensure they are eligible to receive distributions. Monitoring the final distribution announcement and any updates from BetaShares will be crucial for making informed investment decisions.