Final Distribution Announcement for SPDR S&P/ASX 200 Listed Property Fund
SLF (SLF) Share Update September 2024 Thursday 26th
SPDR S&P/ASX 200 Listed Property Fund Announces Final Distribution
SPDR S&P/ASX 200 Listed Property Fund (ASX: SLF) has announced the final details of its quarterly distribution, providing investors with important information on payment dates and amounts.
Instant Summary:
- Final distribution amount per security: AUD 0.07712400
- Record Date: 30 September 2024
- Ex Date: 27 September 2024
- Payment Date: 29 November 2024
- Primary market for application or redemption will be closed from 27 September 2024 to 30 September 2024
Distribution Details
The SPDR S&P/ASX 200 Listed Property Fund has finalized its quarterly distribution, announcing a payment of AUD 0.07712400 per security. This distribution relates to the financial reporting period ending on 30 September 2024.
Investors should note that the record date for this distribution is 30 September 2024, meaning only those holding the security on this date will be eligible to receive the payment. The ex-date, which is the date on which the security starts trading without the entitlement to the distribution, is set for 27 September 2024.
Payment and Market Closure
The payment date for the distribution is scheduled for 29 November 2024. Additionally, the primary market for application or redemption of the fund will be closed on 27 September 2024 and will reopen on 30 September 2024. This temporary closure is important for investors to consider when planning their transactions.
Tax and Franking Details
The distribution is partially franked, with 9.9% of the distribution franked at a corporate tax rate of 31.9552%. The franked amount per security is AUD 0.00763500, while the unfranked amount is AUD 0.06948900. There is no conduit foreign income included in this distribution.
Further information regarding the tax components of the distribution will be provided in a separate announcement on 27 September 2024.
This announcement provides clarity and certainty to investors regarding their expected returns from the SPDR S&P/ASX 200 Listed Property Fund. The partially franked distribution may be attractive to investors seeking tax-effective income. The temporary closure of the primary market for applications and redemptions may cause short-term liquidity considerations, but this is a standard procedure and should not have a long-term impact.
Investor Reaction:
Analysts are likely to view this announcement positively, as it confirms the fund's ability to provide consistent returns to investors. The partially franked distribution is a favorable feature for those looking to maximize their after-tax income. The temporary market closure is not expected to significantly affect investor sentiment.
Conclusion:
Investors should take note of the key dates related to the distribution and plan their transactions accordingly. The final distribution details underscore the SPDR S&P/ASX 200 Listed Property Fund's commitment to delivering value to its investors. Staying informed about future announcements and market conditions will be essential for making well-informed investment decisions.