Regal Investment Fund Declares AUD 0.10 Per Unit Dividend Payable March 2025

Dividend Update and Context

Regal Investment Fund (ASX: RF1) has provided an update to its previous dividend announcement, confirming the actual distribution amount for the six-month period ending 31 December 2024. The fund declared an ordinary dividend of AUD 0.10 per fully paid ordinary unit, payable on 7 March 2025. This update follows the initial notice issued in December 2024, providing clarity on the exact payment figure.

The dividend is unfranked, meaning it carries no franking credits. This is a notable detail for investors, as unfranked dividends may have different tax implications compared to franked dividends, particularly for Australian resident investors who value franking credits as a tax offset.

Dividend Reinvestment Plan Details

Regal Investment Fund continues to offer a Dividend Reinvestment Plan (DRP) for this distribution. The DRP allows eligible unit holders, specifically those with registered addresses in Australia and New Zealand, to reinvest their dividends into additional units rather than receiving cash. The DRP is offered with no discount on the reinvestment price, which will be calculated based on the average market price of units purchased on the ASX during the specified period from 23 January to 20 February 2025, adjusted for transaction costs.

The default option for unit holders who do not make an election is to receive the dividend in cash. The DRP provides a convenient way for investors to compound their holdings, particularly in a low-yield environment, although the absence of a discount may temper enthusiasm among some participants.

Implications for Investors and Market

While the dividend amount is modest at AUD 0.10 per unit, it reflects Regal Investment Fund’s ongoing commitment to returning income to investors. The unfranked nature of the dividend may influence the attractiveness of the distribution for certain investor segments, especially those seeking franked income streams. However, the steady payment schedule and the availability of the DRP support unit holder engagement and capital growth potential.

Investors should note the record date of 2 January 2025 and the ex-dividend date of 31 December 2024, which are critical for determining eligibility for the dividend. The payment date of 7 March 2025 provides a clear timeline for income receipt.

Overall, this dividend update reinforces Regal Investment Fund’s stable income profile amid a competitive investment fund landscape. Market participants will be watching closely for any changes in distribution policy or shifts in the fund’s underlying asset performance in the coming quarters.