Intelligent Investor Australian Equity Growth Fund - December 2024 Distribution Announcement
INTELLIGENT INVESTOR AUS EQ GRTH FUND - ACTIVE ETF (IIG) Share Update January 2025 Sunday 5th
Intelligent Investor Fund Announces Distribution for December 2024
InvestSMART Funds Management Ltd has announced the confirmed distribution for the Intelligent Investor Australian Equity Growth Fund for the period ending 31 December 2024, marking a significant update for investors.
Instant Summary:
- Confirmed distribution of 2.142097 cents per unit.
- Payment date set for 22 January 2025.
- Franking credits gross up of 1.328779 cents per unit.
- Distribution Reinvestment Plan (DRP) available with unit price at $2.9351.
Distribution Details
InvestSMART Funds Management Ltd, responsible for managing the Intelligent Investor Australian Equity Growth Fund, has confirmed a distribution of 2.142097 cents per unit for the half-year ending 31 December 2024. This distribution will be paid to investors on 22 January 2025.
The distribution includes various tax components, such as 0.286255 cents per unit from interest income and 1.976361 cents per unit from franked dividends. Additionally, there are contributions from unfranked dividends, conduit foreign income, and other domestic and foreign sources.
Tax Components and DRP
The estimated tax components, including franking credits and foreign income tax offsets, will be finalized by 30 June 2025. Notably, the franking credits gross up is 1.328779 cents per unit, providing additional value to investors holding shares in taxable accounts.
For those interested in reinvesting their dividends, the Distribution Reinvestment Plan (DRP) will be operational for this distribution. Investors can participate at a unit price of $2.9351, offering a convenient option to grow their investment without incurring additional transaction costs.
This confirmed distribution reflects the fund's performance and its ability to generate returns through its investment strategy focused on undervalued Australian equities. The inclusion of franking credits enhances the after-tax return for eligible investors, potentially making the fund more attractive compared to alternatives without such benefits.
Investor Reaction:
Analysts may view the distribution as a positive indicator of the fund's health and its effective management strategy. The availability of the DRP is likely to be well-received by investors looking to compound their returns.
Conclusion:
Investors should consider the implications of the distribution and the benefits of the DRP. Staying informed about future announcements and tax component finalizations will be crucial for optimizing investment strategies.