Metrics Master Income Trust Monthly Distribution Announcement - July 2024
MXT (MXT) Share Update July 2024 Wednesday 24th
Metrics Master Income Trust Announces Monthly Distribution
Metrics Master Income Trust (ASX: MXT) has announced a new monthly distribution for its fully paid ordinary units. Investors can expect a payment of AUD 0.0132 per unit, with important dates and details outlined below.
Instant Summary:
- Distribution amount: AUD 0.0132 per unit.
- Ex Date: 31 July 2024.
- Record Date: 1 August 2024.
- Payment Date: 8 August 2024.
- DRP election date: 2 August 2024.
Distribution Details
Metrics Master Income Trust has declared a monthly distribution of AUD 0.0132 per fully paid ordinary unit. This distribution relates to the financial reporting period ending on 31 July 2024.
The ex-dividend date is set for 31 July 2024, meaning that investors must hold the units before this date to be eligible for the distribution. The record date, which is the date by which investors must be on the company's books to receive the distribution, is 1 August 2024.
Payment and DRP Details
The payment date for this distribution is scheduled for 8 August 2024. Additionally, investors who wish to participate in the Dividend Reinvestment Plan (DRP) must submit their election notices by 5:00 PM on 2 August 2024. The DRP allows investors to reinvest their dividends into additional units of the trust.
The distribution is unfranked, meaning it does not carry any tax credits. Investors should consult their tax advisors for implications related to this distribution.
The announcement of a steady monthly distribution is likely to be viewed positively by investors, as it provides a predictable income stream. The unfranked nature of the distribution may have tax implications for some investors, but the overall impact on the stock price is expected to be neutral to slightly positive.
Investor Reaction:
Initial reactions from investors and analysts have been positive, with many appreciating the consistent income provided by the trust. Some analysts have noted that the unfranked distribution may affect the net income received by investors, but the overall sentiment remains stable.
Conclusion:
Investors should mark their calendars for the key dates related to this distribution and consider the benefits of participating in the DRP. Staying informed about future announcements from Metrics Master Income Trust will be crucial for making well-timed investment decisions.