BWP Trust (ASX:BWP) Announces December 2024 Distribution Estimate
Distribution Details
BWP Management Limited, responsible for BWP Trust, has announced a preliminary distribution estimate for the six-month period ending 31 December 2024. The estimated distribution is set at 9.20 cents per unit, based on unaudited accounts. There will be no conduit foreign income included in this distribution.
Key distribution dates are outlined as follows:
– Ex-distribution date: 30 December 2024
– Record date: 31 December 2024
– Final date for DRP elections: 2 January 2025
– Distribution confirmation by the Board: 5 February 2025
– Expected payment date: 26 February 2025
Distribution Reinvestment Plan
The distribution will be subject to the Trust’s distribution reinvestment plan (DRP). Units under the DRP will be issued without any discount, with the allocation price determined by the average of the daily volume weighted average unit price over 20 consecutive trading days from 6 January to 3 February 2025. A broker will be engaged to facilitate this process.
Participation in the DRP will be open to all unitholders located in Australia and New Zealand. For further details, unitholders can access the ‘Investors, DRP’ section on the Trust’s website.
Executive Comments
Mark Scatena, Managing Director of BWP Management Limited, underlined the commitment to maintaining transparency regarding distributions for their investors and reiterated the importance of the DRP for enhancing unitholder engagement.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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