Changes are being made to how the Fund is approaching distributions. In short, the intention is to:
- pay ordinary distributions every six months. This financial year, the distribution will be set at 8 cents per unit – paid in two 4-cent semi-annual distributions in January 2022 and July 2022, subject to change. In future, they will be set at a level that targets an annual distribution yield of approximately 4%
- pay special distributions in years where the Fund’s taxable income is significantly in excess of the ordinary distributions
- change the Fund’s Distribution Reinvestment Plan (DRP) so that the price for the DRP can be set with reference to the ASX-traded price of FOR.
Read the ASX announcement below for more details.ASX ANNOUNCEMENT