Distributions and Tax
Distributions
Distribution Reinvestment Plan (DRP)
The Distribution Reinvestment Plan (DRP) has been activated for the distribution for the quarter ending 30 September 2020 onwards. To participate in the DRP for this distribution, completed forms will need to be received by the unit registry no later than 1 business day after the record date. Units issued under the DRP will be issued at a 1% discount to the market price calculated for the purposes of the DRP. The DRP and the 1% discount to the market price for units issued under the DRP, will remain in place until either the DRP is suspended or the terms amended. Securityholders will be notified if the DRP is suspended or the terms amended.
To participate in the DRP unitholders can update their elections online at InvestorServe or by completing a form available from Boardroom, the unit registry, phone 1300 737 760, +61 2 9290 9600, enquiries@boardroomlimited.com.au
Unitholders can now elect to participate fully or partially in the DRP by completing the appropriate forms. If securityholders do not elect to participate in the DRP they will continue to receive cash distributions. Further information is contained in the DRP Plan Rules
The Fund’s year-end for tax purposes is 30 June, at which time the net income and the components of the distributions are determined.
Quarterly distributions since listing on the ASX
| Distribution Period | Announcement Date | Ex Date | Record Date | Payment Date | Total Distribution Paid (Cents per Unit) |
Fund Payment Notice |
|---|---|---|---|---|---|---|
| 1 July – 30 Sept 2020 |
23 Sept 2020 |
29 Sept 2020 |
30 Sept 2020 | 27 Oct 2020 | 3.7500 | 23 Sept 2020 |
| 1 April – 30 June 2020 |
17 July 2020 |
29 June 2020 |
30 June 2020 | 23 July 2020 | 3.0000 | 17 July 2020 |
| 1 January – 31 March 2020 |
24 March 2020 |
30 March 2020 |
31 March 2020 | 16 April 2020 | 4.0000 | 14 April 2020 |
| 1 December – 31 Dec 2019 |
23 Dec 2019 |
30 Dec 2019 |
31 Dec 2019 | 17 Jan 2020 | 4.0000 | 14 Jan 2020 |
| 1 July 2019 – 30 Nov 2019 |
19 Nov 2019 |
28 Nov 2019 |
29 Nov 2019 | 13 Dec 2019 | 4.0000 | 12 Dec 2019 |
| 1 April 2019 – 30 June 2019 |
21 June 2019 |
27 June 2019 |
28 June 2019 | 16 July 2019 | 3.9500 | 12 July 2019 |
| 1 January 2019 – 31 March 2019 |
22 March 2019 | 28 March 2019 | 29 March 2019 | 16 April 2019 | 3.9500 | 12 April 2019 |
| 1 October 2018 – 31 December 2018 |
21 December 2018 | 28 December 2018 | 31 December 2018 | 15 January 2019 | 3.9500 | 11 January 2019 |
| 1 July 2018 – 30 September 2018 |
12 October 2018 | 27 September 2018 | 28 September 2018 | 15 October 2018 | 3.9500 | 12 October 2018 |
| 1 April 2018 – 30 June 2018 |
22 June 2018 | 28 June 2018 | 29 June 2018 | 16 July 2018 | 3.9000 | 13 July 2018 |
| 1 January 2018 – 31 March 2018 |
21 March 2018 | 28 March 2018 | 29 March 2018 | 17 April 2018 | 3.9000 | 13 April 2018 |
| 1 October 2017 – 31 December 2017 |
20 December 2017 | 28 December 2017 | 29 December 2017 | 16 January 2018 | 3.9000 | 11 January 2018 |
| 1 July 2017 – 30 September 2017 |
25 September 2017 |
28 September 2017 |
29 September 2017 |
13 October 2017 |
3.9000 |
12 October 2017 |
| 1 April 2017 – 30 June 2017 |
20 June 2017 |
29 June 2017 |
30 June 2017 |
14 July 2017 |
3.8000 |
13 July 2017 |
| 1 January 2017 – 31 March 2017 |
23 March 2017 |
30 March 2017 |
31 March 2017 |
13 April 2017 |
3.8000 |
10 April 2017 |
| 1 October 2016 – 31 December 2016 |
20 December 2016 |
29 December 2016 |
30 December 2016 |
16 January 2017 |
3.7000 |
12 January 2017 |
| 1 July 2016 – 30 September 2016 |
23 September 2016 |
29 September 2016 |
30 September 2016 |
14 October 2016 |
3.7000 |
12 October 2016 |
| 22 June 2016 – 30 June 2016 |
23 June 2016 | 29 June 2016 | 30 June 2016 | 28 July 2016 | 0.3600 |
27 July 2016 |
More information about each distribution payment can be found in News & Announcements.
| 22 March 2019 |
| 22 March 2019 |
| 27 June 2019 |
The Fund's distribution policy
The Fund expects to pay quarterly distributions to unitholders and expects these distributions to be between 80% and 100% of FFO*.
The Directors will have regard to cash available when determining the distribution.
The Fund can provide no guarantees as to the extent of future Distributions.
The Responsible Entity will continue to monitor the appropriateness of this Distribution policy to ensure that it meets the ongoing objectives of the Fund and is in the best interests of Unitholders.
Tax
Some tax implications of investing in the Fund were explained in Section12 of the PDS, dated 23 May 2016. It is intended to be a brief guide only and does not purport to be a complete statement of the relevant tax law, nor does it take into account your individual circumstances.
Accordingly, we strongly recommend that you seek independent professional taxation advice on the tax implications of investing in the Fund relevant to your specific circumstances.
* FFO or Funds From Operations is a Property Council of Australia concept which adjusts statutory AIFRS net profit for non-cash changes in investment properties, non-cash impairment of goodwill, non-cash fair value adjustments to financial instruments, amortisation of tenant incentives, rental straight-line adjustments and other unrealised one-off items.
Important information
The Fund is issued by Australian Unity Investment Real Estate
Limited (AUIRE), ABN 86 606 414 368, AFS Licence No. 477434.
The information on this website is general information only and
is not based on the financial objectives, situations or needs of
any particular investor.
Past performance is not a reliable indicator of future performance.
News and Announcements
On 17 June 2016, investors in the Australian Unity Office Property Fund passed a number of resolutions, which enabled the Australian Office Fund to list on the Australian Securities Exchange (ASX).
You are now being re-directed to the Announcements page of the Australian Unity Office Property Fund, which covers the period prior to its listing.
Online Application Form
You are being re-directed to the proposed Fund’s registry, Boardroom Pty Ltd, which hosts the online application form for the Offer in the PDS.
Please ensure that you are eligible to invest and that you have read and understood the Product Disclosure Statement prior to making an application.
The Offer comprises an institutional offer, a broker firm offer, and an Australian Unity offer to eligible existing investors and other investors invited to participate. No general public offer of units will be made and members of the public wishing to subscribe for units under the offer (who are not eligible to participate in the Australian Unity offer) must do so through a broker with a firm allocation.
Confirmations
By clicking the 'Apply Online' button below and accessing the PDS on this website, you represent, warrant and agree that:
- you are not in the United States;
- you are not a U.S. Person (as defined in Regulation S under the U.S. Securities Act of 1993 (U.S. Securities Act)) and you are not acting for the account or benefit of a U.S. Person;
- if you are a resident of Australia, you are accessing this website from Australia;
- if you are accessing this website from a jurisdiction other than Australia, it is lawful for you to do so in accordance with all applicable laws of the jurisdiction in which you are accessing the website. The Responsible Entity of the Fund will hold you liable for any violation of such laws;
- the offer or invitation of Units in the Fund is only being made through the PDS that is accessible from this website and you must read the PDS in its entirety and complete the on-line application form that accompanies a copy of the PDS to apply for Units;
- you will not advertise this website in any other place in which, or to any person to whom, it is unlawful to do so;
- you will not release or distribute a copy of the Offer documents (including the PDS and Application Form) to any person or in any place where such release or distribution is unlawful (Ineligible Person);
- you are not acting as nominee for, or otherwise for the account or benefit of, any Ineligible Person; and
- you have read and agreed to these terms and conditions.