Russell Investments Final Distribution Announcement for Sustainable Global Opportunities ETF
RGO (RGO) Share Update January 2025 Monday 6th
Russell Investments Announces Final Distribution for Sustainable Global Opportunities ETF
Russell Investment Management Limited has announced the final distribution details for its Sustainable Global Opportunities Complex ETF, detailing distribution amounts and the timetable for investors.
Instant Summary:
- Final distribution amount for RGOS is 2.2998 cents per unit.
- Distribution includes 83.2184% net foreign income.
- Ex-Distribution Date: 31st December 2024.
- Record Date: 2nd January 2025.
- Payment Date: 16th January 2025.
- DRP issue price set at $21.8726.
Final Distribution Details
Russell Investment Management Limited has released the final distribution details for its Russell Investments Sustainable Global Opportunities Complex ETF (ASX: RGOS). The distribution amount is set at 2.2998 cents per unit, which will be paid to eligible unit holders.
The distribution is composed primarily of net foreign income, which accounts for 83.2184% of the total. Other components include a small percentage of franked dividends at 0.1041% and conduit foreign income at 0.1934%.
Distribution Timetable
Investors should take note of the following key dates: the Ex-Distribution Date is set for 31st December 2024, the Record Date is 2nd January 2025, and the Payment Date is scheduled for 16th January 2025. The DRP issue price has been determined at $21.8726.
Investor Instructions
Registered unit holders on the Record Date will be eligible for the distribution. Investors must have purchased units prior to the Ex-Distribution Date to ensure their transaction is settled and they appear on the register by the Record Date. To facilitate prompt payment, investors are advised to provide their bank account details to the share registrar by 5pm on the Record Date.
For those wishing to reinvest their distribution, instructions must be submitted to the share registrar by the same deadline. This can be done online or by contacting the registrar directly.
The announcement of the final distribution is a positive signal for investors, indicating the ETF's continued performance and income generation. The high percentage of net foreign income reflects the fund's global investment strategy, which may appeal to investors seeking international exposure.
Investor Reaction:
Analysts are likely to view the announcement favorably, as it underscores the fund's ability to deliver consistent returns. The detailed breakdown of distribution components provides transparency and may boost investor confidence.
Conclusion:
Investors in the Russell Investments Sustainable Global Opportunities Complex ETF should review the distribution details and ensure their information is up to date with the share registrar. This announcement highlights the importance of staying informed about distribution schedules and potential reinvestment opportunities.