Metrics Master Income Trust - July 2024 Distribution Announcement
MXT (MXT) Share Update July 2024 Friday 5th
Metrics Master Income Trust Announces Actual Distribution for July 2024
Metrics Master Income Trust (ASX: MXT) has officially announced the details of its distribution for July 2024. This update provides investors with essential information regarding the payment schedule, amounts, and related financial details.
Instant Summary:
- Distribution amount: AUD 0.0139 per fully paid ordinary unit.
- Record Date: 1 July 2024.
- Ex Date: 28 June 2024.
- Payment Date: 8 July 2024.
- Distribution relates to the period ending 28 June 2024.
- Distribution Reinvestment Plan (DRP) is fully applicable.
Distribution Details
The Metrics Master Income Trust (ASX: MXT) has confirmed the actual distribution amount for July 2024. Investors holding fully paid ordinary units will receive a distribution of AUD 0.0139 per unit. This distribution pertains to the financial period ending on 28 June 2024.
The key dates for this distribution are as follows: the Record Date is set for 1 July 2024, and the Ex Date is 28 June 2024. Payments will be made to eligible unit holders on 8 July 2024.
Distribution Reinvestment Plan (DRP)
The Distribution Reinvestment Plan (DRP) is fully applicable to this distribution. Investors who have opted for the DRP will have their distributions reinvested into additional units of the trust. The DRP price will be calculated based on the Net Asset Value of a unit as per the Fund's constitution on the Record Date.
Tax Information
It is important to note that the distribution is unfranked, and the entire amount is unfranked. The unfranked amount per security is AUD 0.0139. Investors should consult the Annual Investment Income Report for detailed tax component information.
Further Information
For more details regarding the distribution and the DRP, investors can refer to the official announcement on the ASX website or contact the trust's registry for additional assistance.
This distribution announcement is likely to have a positive impact on investor sentiment, as it confirms a steady income stream from the trust. The fully applicable DRP allows investors to reinvest their distributions, potentially enhancing their investment returns over time. The unfranked nature of the distribution means that investors will need to consider the tax implications based on their individual circumstances.
Investor Reaction:
Initial reactions from investors and analysts have been positive, with many appreciating the transparency and consistency of the trust's distribution policy. The confirmed distribution amount aligns with investor expectations, reinforcing confidence in the trust's performance.
Conclusion:
Investors should take note of the key dates and ensure their records are updated accordingly. The Metrics Master Income Trust continues to deliver consistent returns, making it a reliable option for income-focused investors. Stay informed and consider the benefits of the DRP for long-term growth.