Franklin Templeton Announces Final Distribution for Franklin Australian Absolute Return Bond Fund - 29 July 2024
FRA (FRA) Share Update July 2024 Sunday 28th
Franklin Templeton Announces Final Distribution for Franklin Australian Absolute Return Bond Fund
Franklin Templeton Australia Limited has announced the final distribution for the Franklin Australian Absolute Return Bond Fund (ASX Code: FRAR) for the period ending 31 July 2024.
Instant Summary:
- Final distribution amount: 0.1473 cents per unit.
- Ex-distribution date: 1 August 2024.
- Announcement of distribution reinvestment price: 2 August 2024.
- Record date: 2 August 2024.
- Payment date (and distribution reinvestment date): 9 August 2024.
- Distribution Reinvestment Plan (DRP) available for unitholders.
Distribution Details
Franklin Templeton Australia Limited has confirmed the final distribution amount for the Franklin Australian Absolute Return Bond Fund (ASX Code: FRAR) for the period ending 31 July 2024. The final distribution amount is 0.1473 cents per unit.
The ex-distribution date is set for 1 August 2024, with the announcement of the distribution reinvestment price scheduled for 2 August 2024. The record date, which determines the unitholders eligible for the distribution, is also on 2 August 2024.
Payment and Reinvestment
The payment date for the distribution, as well as the distribution reinvestment date, is 9 August 2024. Unitholders who choose to participate in the Distribution Reinvestment Plan (DRP) will have the option to reinvest their distribution into additional units of the fund.
Further details on how the DRP operates can be found on the Franklin Templeton Australia website or by contacting their support team at 1800 673 776.
The announcement of the final distribution is a routine but important update for investors in the Franklin Australian Absolute Return Bond Fund. The distribution amount of 0.1473 cents per unit is a modest return, reflecting the fund's performance over the period.
While the distribution itself may not significantly impact the stock price of the fund, it provides a steady income stream for investors and can enhance long-term returns through the Distribution Reinvestment Plan (DRP).
Investor Reaction:
Investors and analysts are likely to view the announcement as a positive indicator of the fund's stability and consistent performance. The availability of the DRP offers an additional benefit for those looking to reinvest their earnings.
Conclusion:
Investors should take note of the key dates related to the final distribution and consider participating in the Distribution Reinvestment Plan to maximize their returns. Staying informed about such updates is crucial for making well-informed investment decisions.