Distributions

Distributions

To the extent net income is available for distribution at the end of the financial year, the Fund will make distributions annually following 30 June each year, or on such other day as the Trustee may in its discretion determine.

Distribution entitlements will be proportionate to the number of Units held by each Unitholder on each distribution calculation date and will be paid via direct deposit.

Unless otherwise requested by you in writing at least 20 Business Days’ (or such lesser period as the Trustee may determine) before the scheduled distribution, any distribution entitlements payable to you will be automatically reinvested in the Fund. Distributions that are reinvested will be invested at the Net Asset Value per Unit without adjustment for the buy/sell spread.

Distributions will form part of your assessable income and be subject to tax for the tax year in which the Fund generated the income, even if your distributions are reinvested into the Fund. Each Unitholder should seek their own professional tax advice regarding the tax implications of any reinvestment of trust distributions.

Distributions will otherwise be made by the Trustee in accordance with the terms of the Trust Deed.