360 Capital Mortgage REIT Sets AUD 0.052 Estimated Dividend for January 2025
360 Capital Mortgage REIT has announced an estimated ordinary dividend of AUD 0.052 per unit for January 2025, alongside its election to adopt the Attribution Managed Investment Trust (AMIT) regime.
- Estimated ordinary dividend of AUD 0.052 per unit for January 2025
- Ex-date set for 30 January 2025, payment scheduled for 7 February 2025
- Election to apply the Attribution Managed Investment Trust (AMIT) regime
- Dividend is fully unfranked, reflecting 100% unfranked distribution
- No approvals required prior to dividend payment
Dividend Announcement and Timeline
360 Capital Mortgage REIT (ASX: TCF) has declared an estimated ordinary dividend of AUD 0.052 per fully paid unit for the month ending 31 January 2025. The ex-dividend date is set for 30 January 2025, with the record date following on 31 January 2025. Unitholders can expect payment on 7 February 2025.
This distribution is classified as ordinary and relates specifically to the one-month period ending January 31. Notably, the dividend is estimated at this stage, with the actual amount to be confirmed on the payment date.
Tax and Regulatory Context
In a significant structural update, the responsible entity has elected to apply the Attribution Managed Investment Trust (AMIT) regime for the REIT. This regime offers enhanced tax transparency and flexibility for managed investment trusts, potentially benefiting unitholders through clearer attribution of income and tax components.
The dividend is fully unfranked, meaning no Australian franking credits are attached, and it is paid entirely in Australian dollars. The REIT has confirmed that no external approvals, such as security holder, court, or regulatory consents, are required ahead of the dividend payment.
Implications for Investors
Investors should note that the dividend is currently estimated, which introduces a degree of uncertainty until the final figure is announced. The adoption of the AMIT regime signals a strategic move towards greater tax efficiency and compliance alignment, which could influence future distributions and investor reporting.
Further details, including Managed Investment Trust (MIT) statements, will be made available on the company’s investor centre website prior to the payment date. Additionally, annual tax statements for FY25 will be issued in August 2025, providing comprehensive tax information for unitholders.
Overall, this announcement reflects 360 Capital Mortgage REIT’s ongoing commitment to delivering steady income streams while optimizing its tax structure in line with evolving regulatory frameworks.
Bottom Line?
As 360 Capital Mortgage REIT transitions to the AMIT regime, investors will watch closely for the final dividend confirmation and its impact on tax outcomes.
Questions in the middle?
- Will the final dividend amount differ materially from the current estimate of AUD 0.052 per unit?
- How will the AMIT regime adoption affect future distribution stability and tax reporting for unitholders?
- What are the broader strategic implications of this tax regime change for 360 Capital Mortgage REIT’s growth and capital management?
