Hejaz High Income Active ETF - Estimated Distribution for December 2024 Quarter
HEJAZ HIGH INCOME ACTIVE ETF (HJH) Share Update December 2024 Tuesday 24th
Hejaz High Income Active ETF Announces Estimated Quarterly Distribution
Hejaz High Income Active ETF (ASX: HJHI) has announced its estimated distribution for the quarter ending 31 December 2024, providing investors with key dates and financial details.
Instant Summary:
- Estimated distribution of 0.8383 cents per unit.
- Ex-distribution Date: 2 January 2025.
- Record Date: 3 January 2025.
- DRP Election Date: 6 January 2025.
- Payment Date: 21 January 2025.
Distribution Details
Equity Trustees Limited, as the responsible entity for Hejaz High Income Active ETF, has released the estimated distribution details for the quarter ending 31 December 2024. The distribution is estimated at 0.8383 cents per unit, although this figure may be adjusted based on factors such as the number of units in issue at the Record Date and fluctuations in foreign currency exchange rates between now and 2 January 2025.
The key dates for this distribution are as follows: the Ex-distribution Date is set for 2 January 2025, allowing investors to determine eligibility for the distribution. The Record Date, when investors must be on the register to receive the distribution, is 3 January 2025. Investors wishing to participate in the Distribution Reinvestment Plan (DRP) must submit their election by 6 January 2025. The payment of the distribution is scheduled for 21 January 2025.
Distribution Reinvestment Plan
The Distribution Reinvestment Plan (DRP) will be active for this distribution period, providing investors with the option to reinvest their distribution into additional units of the ETF. This plan allows investors to potentially increase their holdings without incurring brokerage fees, offering a convenient way to compound their investment returns over time.
Investors who wish to participate in the DRP must submit their election notices by the deadline of 6 January 2025. This provides a strategic opportunity for investors looking to maximize their investment in the Hejaz High Income Active ETF.
The announcement of the estimated distribution is likely to have a neutral to positive impact on the ETF's stock price, as it provides clarity and assurance regarding the income potential of the investment. The availability of the DRP offers added value to investors seeking to grow their holdings. However, the final distribution amount is subject to change, which may introduce some uncertainty until the payment date.
Investor Reaction:
Analysts may view the announcement positively, as it demonstrates the ETF's commitment to providing regular income to its investors. The inclusion of the DRP is seen as a favorable option for long-term investors. However, the potential for changes in the estimated distribution amount could lead to cautious optimism among investors.
Conclusion:
Investors in Hejaz High Income Active ETF should take note of the key dates and consider the benefits of participating in the DRP. Monitoring any changes to the estimated distribution amount will be crucial as the payment date approaches. This announcement underscores the importance of staying informed about investment opportunities and potential risks.