State Street Global Advisors Announces Estimated Distributions for SPDR ETFs for September 2024
SPDR S&P/ASX 50 FUND (SFY) Share Update September 2024 Monday 23rd
State Street Global Advisors Announces Estimated Distributions for SPDR ETFs
State Street Global Advisors, Australia Services Limited has announced the estimated distributions for its SPDR Exchange Traded Funds (ETFs) for the period ending 30 September 2024. This announcement provides crucial information for investors regarding the expected returns from these ETFs.
Instant Summary:
- Estimated distributions for SPDR ETFs for the period ending 30 September 2024.
- Distributions vary across different funds, with the highest distribution being 77.5065 cents per unit for the SPDR S&P/ASX 50 Fund (SFY).
- Distribution dates include an ex-distribution date of 27 September 2024 and a record date of 30 September 2024.
- Payment dates are set for 14 October 2024 for most funds and 29 November 2024 for the SPDR S&P/ASX 200 Listed Property Fund (SLF).
- Primary market for application or redemption will be closed on 27 September 2024 and will reopen from 30 September 2024.
Estimated Distributions Breakdown
State Street Global Advisors has released the estimated distributions for its SPDR ETFs for the period ending 30 September 2024. The estimated distribution amounts are as follows:
- STW (SPDR S&P/ASX 200 Fund): 71.1027 cents per unit
- SFY (SPDR S&P/ASX 50 Fund): 77.5065 cents per unit
- SLF (SPDR S&P/ASX 200 Listed Property Fund): 7.7105 cents per unit
- SYI (SPDR MSCI Australia Select High Dividend Yield Fund): 35.8316 cents per unit
- E200 (SPDR S&P/ASX 200 ESG Fund): 29.0187 cents per unit
- GOVT (SPDR S&P/ASX Australian Government Bond Fund): 14.4061 cents per unit
- BOND (SPDR S&P/ASX Australian Bond Fund): 11.5929 cents per unit
Important Dates
The following key dates apply to the distributions:
- Ex-distribution date: 27 September 2024
- Record date: 30 September 2024
- Payment date (all funds except SLF): 14 October 2024
- Payment date (SLF): 29 November 2024
Additional Information
The primary market for application or redemption of these funds will be closed on 27 September 2024 and will reopen from 30 September 2024. Investors participating in the Distribution Reinvestment Plan will have their distributions reinvested in units according to the plan's rules. Notably, SLF does not offer a distribution reinvestment facility.
The SPDR ETFs mentioned in the announcement are managed investment trusts 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.
The announcement of estimated distributions is likely to have a positive impact on investor sentiment, as it provides clarity on expected returns. The distributions, particularly for high-yield funds like SFY and SYI, could attract more investors seeking income-generating assets. However, the slight variations in distribution amounts compared to previous periods may lead to mixed reactions among investors.
Investor Reaction:
Analysts are expected to react positively to the announcement, as it provides transparency and predictability for investors. The estimated distributions, especially for high-yield funds, are likely to be well-received. However, some investors may be cautious due to potential changes in the final distribution amounts.
Conclusion:
Investors should take note of the estimated distribution amounts and key dates provided in this announcement. Monitoring the final distribution announcement and any subsequent changes will be crucial for making informed investment decisions. State Street Global Advisors continues to offer a range of ETFs that cater to different investment strategies and goals.