Montaka Global Long Only Equities Fund Distribution Announcement for December 2024
MOG (MOG) Share Update December 2024 Friday 20th
Montaka Global Announces Distribution Details for December 2024
Montaka Global Long Only Equities Fund (ASX: MOGL) has announced its distribution details for the period ending 31 December 2024, providing investors with key dates and options for reinvestment.
Instant Summary:
- Ex-distribution Date: 02 January 2025
- Record Date: 03 January 2025
- DRP Election Date: 06 January 2025
- Payment Date: 21 January 2025
- Estimated distribution of 11.30 cents per unit
Distribution Details
Montaka Global Long Only Equities Fund has released its distribution schedule for the period ending 31 December 2024. The ex-distribution date is set for 02 January 2025, with the record date following on 03 January 2025. Investors must elect their distribution preference by 06 January 2025, and payments are scheduled for 21 January 2025.
The estimated distribution is 11.30 cents per unit, though this figure may change based on portfolio value and foreign currency fluctuations by the record date. Montaka Global emphasizes its status as an Attribution Managed Investment Trust for tax purposes, relevant until 30 June 2025.
Reinvestment Options
The Distribution Reinvestment Plan (DRP) is active for this distribution, allowing investors to reinvest their distributions by default. However, investors may opt for cash payments by updating their preferences through the Apex Investor Portal by 06 January 2025.
To change distribution preferences, investors should log into the Apex Investor Portal, select 'Settings', and choose 'Distribution Method'. Options include 'Reinvest' for reinvestment or 'Direct Credit' for cash payments, which requires adding a bank account.
This announcement provides clarity on the distribution process, potentially stabilizing investor sentiment. The estimated distribution of 11.30 cents per unit, while subject to change, suggests a positive outlook for the fund's performance. The reinvestment plan offers a strategic opportunity for investors to compound their returns.
Investor Reaction:
Analysts are likely to view the announcement as a routine update, with the estimated distribution aligning with expectations. The option for reinvestment is seen as a positive feature, encouraging long-term growth for investors.
Conclusion:
Investors should take note of the key dates and decide on their distribution preferences promptly. Montaka Global's structured approach to distributions and reinvestment options reflects its commitment to providing value and flexibility to its investors.