CD Private Equity Fund II Declares Special Distribution - 4 July 2024
CD2 (CD2) Share Update July 2024 Thursday 4th
CD Private Equity Fund II Announces Special Distribution
CD Private Equity Fund II (ASX: CD2) has announced a special distribution of AUD 0.07 per ordinary unit, to be paid on 5 August 2024. This announcement marks a significant event for investors in the fund.
Instant Summary:
- Special distribution of AUD 0.07 per ordinary unit.
- Ex Date: 10 July 2024.
- Record Date: 11 July 2024.
- Payment Date: 5 August 2024.
- Distribution is 100% unfranked.
Distribution Details
CD Private Equity Fund II has declared a special distribution amounting to AUD 0.07 per ordinary unit. This distribution is set to benefit all shareholders who are on the record as of 11 July 2024. The ex-dividend date is 10 July 2024, meaning that investors must own the shares before this date to be eligible for the distribution.
The payment will be made on 5 August 2024, providing a timely return to investors. It is important to note that this distribution is 100% unfranked, meaning that it does not carry any franking credits. This could have tax implications for some investors depending on their individual circumstances.
Context and Background
CD Private Equity Fund II, registered under ARSN 162057089, operates under the ASX issuer code CD2. The fund focuses on private equity investments, providing investors with exposure to a diversified portfolio of private equity assets. The announcement of this special distribution is a part of the fund's ongoing efforts to return value to its shareholders.
This distribution does not relate to a specific period within the financial year, indicating that it may be derived from extraordinary gains or a strategic decision by the fund's management. The fund has not disclosed any specific arrangements related to the currency in which the distribution is paid, nor does it have a securities plan for this distribution.
The announcement of the special distribution is likely to have a positive impact on CD Private Equity Fund II's stock price in the short term, as investors react to the immediate return of capital. The unfranked nature of the distribution may affect the net return for some investors, particularly those in higher tax brackets. Overall, this move reflects the fund's strong performance and commitment to shareholder returns.
Investor Reaction:
Initial reactions from investors and analysts have been positive, with many viewing the special distribution as a sign of the fund's robust financial health. 'This distribution is a pleasant surprise and underscores the fund's ability to generate significant returns,' said one analyst. Investors are encouraged by the proactive steps taken by the fund to reward its shareholders.
Conclusion:
Investors in CD Private Equity Fund II should take note of the key dates associated with this special distribution and consider the potential tax implications. This announcement highlights the fund's commitment to delivering value to its shareholders. As always, investors should stay informed and consider the long-term impact on their portfolios.