State Street Global Advisors Announces Distribution for SPDR S&P/ASX Australian Bond Fund
SPDR S&P/ASX AUSTRALIAN BOND FUND (BON) Share Update September 2024 Thursday 26th
State Street Announces Distribution for SPDR S&P/ASX Australian Bond Fund
State Street Global Advisors, Australia Services Limited has announced the distribution details for the SPDR S&P/ASX Australian Bond Fund (BOND) for the period ending 30 September 2024.
Instant Summary:
- Distribution of 11.5929 cents per unit.
- Record date: 30 September 2024.
- Units trade ex-distribution from 27 September 2024.
- Distribution paid on 14 October 2024.
- Distribution Reinvestment Plan available.
Distribution Details
State Street Global Advisors, Australia Services Limited has announced a distribution of 11.5929 cents per unit for the SPDR S&P/ASX Australian Bond Fund (BOND) for the period ending 30 September 2024. This distribution includes no franking credits or foreign tax credits.
The distribution is composed primarily of interest income, with 92.4756% of the total distribution not subject to non-resident withholding tax (NR WHT) and 0.3216% subject to NR WHT. The remaining 7.2028% is classified as other income.
Important Dates
The record date for this distribution is 30 September 2024, and units will trade ex-distribution from the commencement of trading on 27 September 2024. The distribution will be paid on 14 October 2024.
The primary market for application or redemption will be closed on 27 September 2024 and will reopen on 30 September 2024. Distributions are automatically reinvested unless a direct credit to a nominated bank account has been requested.
Distribution Reinvestment Plan
The Distribution Reinvestment Plan (DRP) is operating for this distribution. For participants in the DRP, distributions will be reinvested in units in accordance with the rules of the Plan. Notifications of change of distribution payment method can be submitted to the registry up until close of business on 30 September 2024. The DRP is not available to any US investors.
Tax Information
The SPDR S&P/ASX Australian Bond Fund declares that it is a managed investment trust for the purposes of Subdivision 12-H of the Taxation Administration Act 1953 (TAA 1953) in respect of the income year ending 30 June 2025. This distribution relates to the trust’s year of income ending 30 June 2025.
For the purpose of Section 12-405 of Schedule 1 of the TAA 1953, the 'Fund Payment' portion of the distribution is calculated as the sum of Australian Sourced Income – Other Income and Capital Gains Taxable Australian Property.
The announcement of the distribution is likely to have a positive impact on the SPDR S&P/ASX Australian Bond Fund's attractiveness to investors seeking regular income. The clear and detailed breakdown of the distribution components provides transparency, which can enhance investor confidence in the fund.
Investor Reaction:
Analysts are likely to view this distribution positively, as it demonstrates the fund's ability to generate income for its investors. The lack of franking credits and foreign tax credits is not expected to significantly impact investor sentiment.
Conclusion:
Investors should take note of the key dates related to the distribution and consider the benefits of the Distribution Reinvestment Plan. Staying informed about the fund's performance and distribution policies will be crucial for making informed investment decisions.