Betashares Final Distribution Announcement for November 2024
BND (BND) Share Update November 2024 Friday 29th
Betashares Announces Final Distribution for Bond Fund
Betashares Capital Ltd has announced the final distribution amount for its Western Asset Australian Bond Fund for the November 2024 period, providing investors with important details about their upcoming payments.
Instant Summary:
- Final distribution amount of $0.07447342 per unit.
- Distribution period for November 2024.
- Distribution Reinvestment Plan (DRP) is available.
- Ex Distribution Date: 02 December 2024.
- Record Date: 03 December 2024.
- Payment Date: 17 December 2024.
Distribution Details
Betashares Capital Ltd, the issuer of the Betashares Western Asset Australian Bond Fund, has announced the final distribution amount for the November 2024 period. Investors will receive $0.07447342 per unit, with the distribution scheduled for payment on 17 December 2024.
To be eligible for this distribution, investors must have purchased units before the Ex Distribution Date of 02 December 2024, and their holdings must be registered by the Record Date of 03 December 2024. The Distribution Reinvestment Plan (DRP) is available for this fund, allowing investors to reinvest their distributions into additional units.
Important Dates and Requirements
Investors wishing to participate in the DRP must ensure their elections are received by the registrar, Link Market Services, by 5pm AEDT on 04 December 2024. The reinvestment price will be announced separately on 02 December 2024, with the issuance of new units processed on 17 December 2024.
Additionally, Fund Payment Notices and other relevant tax information will be accessible in the 'Resources' section on the Betashares website. Distribution statements will be emailed to investors who have opted for electronic communication, with other options available through Link Market Services.
The announcement of the final distribution amount provides clarity for investors, potentially stabilizing market sentiment around the fund. The availability of the DRP offers an opportunity for investors to compound their investments, which could attract additional interest in the fund.
Investor Reaction:
Analysts are likely to view the announcement positively, as it confirms the fund's continued ability to generate returns for investors. The DRP option is expected to be well-received, offering flexibility and potential growth for investors' portfolios.
Conclusion:
Investors should take note of the key dates associated with the distribution and consider the benefits of participating in the DRP. Staying informed about the fund's performance and distribution policies will be crucial for making informed investment decisions.