WCM Quality Global Growth Fund - Annual Distribution Announcement for 2024
WCM (WCM) Share Update July 2024 Monday 8th
WCM Quality Global Growth Fund Announces Annual Distribution
AGP Investment Management Limited, the responsible entity for the WCM Quality Global Growth Fund, has announced the annual distribution for the year ending 30 June 2024. Investors can expect a distribution of $0.562554 per unit, which will be unfranked.
Instant Summary:
- Annual distribution of $0.562554 per unit.
- Distribution is unfranked.
- Key dates include: Ex Date on 1 July 2024, Record Date on 2 July 2024, and Payment Date on 19 July 2024.
- Distribution Reinvestment Plan (DRP) will be in operation.
Annual Distribution Details
AGP Investment Management Limited has announced the annual distribution for the WCM Quality Global Growth Fund (Quoted Managed Fund) for the year ending 30 June 2024. The fund will pay a distribution of $0.562554 per unit, which will be unfranked.
The distribution timetable includes several important dates for investors. The estimated distribution announcement was made on 26 June 2024, followed by the Ex Date on 1 July 2024 and the Record Date on 2 July 2024. The DRP Pricing Date and DRP Election Date are set for 2 July 2024 and 3 July 2024, respectively. The final distribution announcement was made on 9 July 2024, and the payment date is scheduled for 19 July 2024. DRP units will also be issued on 19 July 2024.
Distribution Reinvestment Plan (DRP)
The Distribution Reinvestment Plan (DRP) will be in operation for this distribution. This allows investors to reinvest their distribution payments into additional units of the fund, potentially increasing their holdings without incurring additional transaction costs.
Fund Overview
The WCM Quality Global Growth Fund (Quoted Managed Fund) invests in a high conviction, actively managed diversified portfolio of listed, quality, high growth companies. These companies are sourced from both developed and emerging markets, with the primary objective of providing long-term capital growth.
Movements between the estimated and actual distribution per unit are due to applications and redemptions, as well as realized gains and losses on the investment portfolio, between the estimated distribution date and the distribution ex-date.
The announcement of the annual distribution is a positive signal for investors, indicating the fund's continued performance and commitment to providing returns. The unfranked nature of the distribution may have tax implications for some investors, depending on their individual circumstances.
The operation of the Distribution Reinvestment Plan (DRP) offers investors an opportunity to reinvest their distributions, potentially enhancing their long-term returns. Overall, this announcement is likely to be viewed favorably by the market, reflecting the fund's stability and growth prospects.
Investor Reaction:
Initial investor reactions have been positive, with many appreciating the steady distribution and the opportunity to reinvest through the DRP. Analysts have noted that the distribution aligns with the fund's objective of long-term capital growth and reflects its robust portfolio management.
Conclusion:
Investors in the WCM Quality Global Growth Fund should take note of the key dates associated with the distribution and consider the benefits of the Distribution Reinvestment Plan. The fund's consistent performance and strategic management continue to make it an attractive option for those seeking long-term growth.