CD Private Equity Fund III Declares Special Dividend - 4 July 2024
CD3 (CD3) Share Update July 2024 Thursday 4th
CD Private Equity Fund III Announces Special Dividend Distribution
CD Private Equity Fund III (ASX: CD3) has announced a special dividend distribution of AUD 0.07 per fully paid ordinary unit, with key dates and details outlined for investors.
Instant Summary:
- Special dividend of AUD 0.07 per fully paid ordinary unit.
- Ex Date: 10 July 2024.
- Record Date: 11 July 2024.
- Payment Date: 5 August 2024.
- Dividend is unfranked and paid in Australian Dollars.
Dividend Announcement Details
CD Private Equity Fund III has declared a special dividend distribution of AUD 0.07 per fully paid ordinary unit. This announcement was made on 4 July 2024, and it is a new announcement from the fund.
The key dates for this dividend distribution are as follows: the ex-date is set for 10 July 2024, the record date is 11 July 2024, and the payment date is scheduled for 5 August 2024. Investors holding units as of the record date will be eligible to receive the dividend.
Dividend Specifics
The dividend is paid in Australian Dollars (AUD) and is unfranked, meaning it does not carry any franking credits. The total payment amount per security is AUD 0.07. This special dividend does not relate to a specific period within the financial year.
CD Private Equity Fund III has confirmed that no additional approvals, such as security holder or court approval, are required for this dividend distribution. The announcement also specifies that there are no special arrangements related to the currency in which the dividend is paid, and the fund does not have a securities plan for dividends on this security.
Further Information
For more details on this dividend distribution, investors are encouraged to refer to the distribution announcement dated 4 July 2024. This announcement provides comprehensive information about the dividend and its associated timelines.
The announcement of a special dividend is generally seen as a positive signal, indicating strong financial health and a commitment to returning value to shareholders. For CD Private Equity Fund III, this special dividend could enhance investor confidence and potentially lead to a positive reaction in the stock price.
However, since the dividend is unfranked, it may not be as tax-efficient for some investors compared to a franked dividend. Investors should consider their individual tax situations when evaluating the impact of this dividend.
Investor Reaction:
Initial reactions from investors and analysts have been positive, with many appreciating the additional return on investment. Some investors have noted the importance of the ex-date and record date in ensuring they are eligible for the dividend.
Analysts have highlighted that the unfranked nature of the dividend may influence the overall attractiveness for certain investor segments, but the overall sentiment remains favorable.
Conclusion:
Investors in CD Private Equity Fund III should mark their calendars for the key dates associated with this special dividend. This announcement underscores the fund's commitment to delivering value to its unit holders. As always, investors should consider their individual financial situations and consult with financial advisors as needed.