State Street Global Advisors Announces September 2024 Distribution for SPDR S&P/ASX 200 Fund
SPDR S&P/ASX 200 FUND (STW) Share Update September 2024 Thursday 26th
State Street Global Advisors Announces Distribution for SPDR S&P/ASX 200 Fund
State Street Global Advisors, Australia Services Limited, has announced the distribution details for the SPDR S&P/ASX 200 Fund (STW) for the period ending 30 September 2024.
Instant Summary:
- Distribution of 71.1027 cents per unit in cash.
- Additional 23.2281 cents in franking credits and 0.1078 cents in foreign tax credits.
- Record date for distribution is 30 September 2024.
- Units trade ex-distribution from 27 September 2024.
- Distribution payment date is 14 October 2024.
- Distribution Reinvestment Plan (DRP) is active for this distribution.
Distribution Details
State Street Global Advisors, Australia Services Limited, has announced a distribution for the SPDR S&P/ASX 200 Fund (STW) for the period ending 30 September 2024. The distribution amounts to 71.1027 cents per unit in cash, along with 23.2281 cents in franking credits and 0.1078 cents in foreign tax credits.
The distribution is composed of various income components. The major portion, 75.2041%, comes from net dividends that are franked. Additionally, 15.5954% is conduit foreign income, and 4.0140% is other income. The remaining components include smaller percentages of other income types.
Important Dates
The record date for this distribution is 30 September 2024. Units will trade ex-distribution starting from 27 September 2024. The distribution will be paid on 14 October 2024. During this period, the primary market for application or redemption will be closed on 27 September 2024 and will reopen on 30 September 2024.
Distribution Reinvestment Plan
Distributions are automatically reinvested unless a direct credit to a nominated bank account has been requested. The Distribution Reinvestment Plan (DRP) is operating for this distribution, allowing participants to reinvest their distributions in additional units. Notifications of changes to the distribution payment method can be submitted to the registry up until the close of business on 30 September 2024. However, the DRP is not available to US investors.
Tax Information
The SPDR S&P/ASX 200 Fund is declared a managed investment trust for the purposes of Subdivision 12-H of the Taxation Administration Act 1953 for 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 and Capital Gains Taxable Australian Property.
This distribution announcement is expected to have a positive impact on the SPDR S&P/ASX 200 Fund, as it provides a steady income stream to investors. The inclusion of franking credits and foreign tax credits makes the distribution more attractive, potentially boosting investor confidence and demand for the fund.
Investor Reaction:
Analysts are likely to view this announcement favorably, as it underscores the fund's ability to generate consistent returns. The positive components of the distribution, such as the high percentage of franked dividends, are expected to be well-received by investors.
Conclusion:
Investors should take note of the key dates and consider the benefits of the Distribution Reinvestment Plan. This announcement highlights the SPDR S&P/ASX 200 Fund's ongoing commitment to providing value to its investors. Staying informed about such distributions can help investors make better decisions regarding their portfolios.