State Street Global Advisors Announces Distribution for SPDR S&P/ASX 200 Listed Property Fund
SLF (SLF) Share Update September 2024 Thursday 26th
State Street Global Advisors Announces Distribution for SPDR S&P/ASX 200 Listed Property Fund
State Street Global Advisors, Australia Services Limited has announced a new distribution for the SPDR S&P/ASX 200 Listed Property Fund (SLF) for the period ending 30 September 2024.
Instant Summary:
- Distribution of 7.7124 cents per unit.
- Includes 0.3586 cents worth of franking credits.
- Record date: 30 September 2024.
- Ex-distribution date: 27 September 2024.
- Payment date: 29 November 2024.
- Distribution Reinvestment Plan not on offer.
Distribution Details
State Street Global Advisors, Australia Services Limited (SSGA, ASL) has announced a distribution for the SPDR S&P/ASX 200 Listed Property Fund (SLF) for the period ending 30 September 2024. The distribution amounts to 7.7124 cents per unit, which includes 0.3586 cents worth of franking credits. No foreign tax credits are included in this distribution.
The components of the distribution are broken down as follows:
- Interest (subject to NR WHT): 0.5450%
- Net Dividends Franked: 9.9000%
- Other Income: 74.6519%
- Foreign Income - Other Income: 14.7188%
- Other Non-Assessable Amount: 0.1843%
Key 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 29 November 2024. It is important to note that the primary market for application or redemption will be closed on 27 September 2024 and will reopen from 30 September 2024.
Additional Information
The SPDR S&P/ASX 200 Listed Property 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 the following components: Australian Sourced Income – Other Income, and Capital Gains Taxable Australian Property.
If investors have any queries, they are advised to contact the registrar, Link Market Services Limited, on 1300 665 385.
The announcement of a distribution is generally positive news for investors, as it indicates potential income from their investment. However, the absence of a Distribution Reinvestment Plan might be seen as a missed opportunity for compounding returns. The specific breakdown of the distribution components, especially the high percentage of 'Other Income,' may also warrant further analysis by investors.
Investor Reaction:
Analysts are likely to view this distribution announcement as a positive indicator of the fund's performance. However, the lack of a Distribution Reinvestment Plan might raise some concerns among investors looking to reinvest their earnings. Overall, the market reaction is expected to be moderately positive.
Conclusion:
Investors should take note of the key dates and the detailed breakdown of the distribution components. While the announcement is generally favorable, it's important to consider the broader context and potential long-term impacts on their portfolios. Staying informed and seeking professional advice is crucial for making well-rounded investment decisions.