360 Capital Mortgage REIT Pays AUD 0.055 Unfranked Dividend with DRP at AUD 5.94
360 Capital Mortgage REIT has announced an unfranked ordinary dividend of AUD 0.055 per unit for the September quarter, alongside the adoption of the Attribution Managed Investment Trust (AMIT) tax regime.
- Ordinary dividend of AUD 0.055 per unit declared for period ending 30 September 2025
- Dividend is unfranked and payable on 7 October 2025
- Dividend Reinvestment Plan (DRP) available with issue price set at AUD 5.94 per unit
- Entity elects to apply the Attribution Managed Investment Trust (AMIT) regime
- No external approvals required for dividend payment
Dividend Announcement and Payment Details
360 Capital Mortgage REIT (ASX – TCF) has confirmed the payment of an ordinary dividend of AUD 0.055 per fully paid unit for the month ending 30 September 2025. This dividend, which is unfranked, will be paid to security holders on 7 October 2025. The record date for entitlement was 30 September, with the ex-dividend date falling a day earlier on 29 September.
The dividend reflects the trust's ongoing income distribution to investors, consistent with its focus on mortgage-backed assets. Notably, the dividend is unfranked, meaning it does not carry Australian franking credits, which may influence the after-tax returns for certain investors depending on their tax circumstances.
Dividend Reinvestment Plan Offers Flexibility
Investors have the option to participate in a Dividend Reinvestment Plan (DRP), allowing them to reinvest their dividends into new units rather than receiving cash. For this distribution, the DRP price has been set at AUD 5.94 per unit, based on the net asset value of the trust as determined at the end of the distribution period. The DRP is fully available with no minimum or maximum participation limits, and new units issued under the plan will rank equally with existing units from the date of issue.
Adoption of the AMIT Regime
In a significant tax-related update, the responsible entity has elected to apply the Attribution Managed Investment Trust (AMIT) regime to 360 Capital Mortgage REIT. This regime offers enhanced tax transparency and flexibility for managed investment trusts, potentially simplifying tax reporting for investors and the entity alike. While the immediate impact on distributions is not detailed, the AMIT election is a strategic move aligning with evolving regulatory frameworks and investor expectations.
The trust has confirmed that no external approvals were required to proceed with the dividend payment, underscoring a smooth operational process. Investors can access further information and tax statements via the 360 Capital investor centre, with FY26 annual tax statements expected in August 2026.
Looking Ahead
This dividend announcement, coupled with the AMIT regime adoption, positions 360 Capital Mortgage REIT to maintain its distribution strategy while potentially enhancing tax efficiency. Market participants will be watching closely to see how these developments influence investor demand and the trust’s capital management approach in the coming quarters.
Bottom Line?
360 Capital Mortgage REIT’s dividend and AMIT election mark a pivotal step in its investor strategy, with tax implications to watch closely.
Questions in the middle?
- How will the AMIT regime election affect future distribution tax treatments and investor returns?
- What is the anticipated investor uptake of the Dividend Reinvestment Plan at the current DRP price?
- Could the unfranked nature of the dividend influence the trust’s attractiveness to different investor segments?
