Agricultural Land Trust

Distributions & DRP

Distribution timetable

Agricultural Land Trust pays distributions half yearly, where appropriate. The interim distribution is normally paid in March (31 December record date) and the final distribution in September or October (30 June record date).

Prior to each record date the Trust will endeavour to announce the distribution details for the upcoming distribution, including:

  • Estimated cash distribution
  • Ex-distribution date
  • Record date
  • Expected payment date
  • Percentage discount applicable under the Distribution Reinvestment Plan.

Between the Record Date and the Payment Date the Trust will endeavour to announce the following:

  • Confirmation of the cash distribution amount
  • DRP price calculated in accordance with the DRP Rules
  • Managed Investment Trust notice to custodians and intermediaries with details of the fund payment subject to withholding tax (Subdivision 12-H Notice).

On or just after the Payment Date the Trust will send payment notices to each unitholder that provide details of their distributions.

The Annual Tax Statement is normally sent with the final distribution payment notice in September or October.

Distribution Reinvestment Plan

The Distribution Reinvestment Plan (“DRP”) allows eligible unitholders who elect to participate to reinvest all or a portion of their distribution entitlements in additional units in the Trust. Units are issued free of brokerage and other costs.

Units may be issued at a discount to the market price at a level, if at all, determined by the Directors. The discounts historically applied to units issued under the DRP are shown in Distribution History table below. Also shown in the table is a summary of DRP unit prices.

In addition to providing unitholders with flexibility in receiving their distribution entitlement, the DRP also provides the Trust with a means of raising capital on a regular basis.

The DRP is optional and is open to all unitholders in the Trust except those who are resident in or subject to laws of any country in which offering or issuing units under the DRP would be unlawful or make it impractical, in the opinion of the Directors, for the DRP to be offered to them.

For the DRP Rules that contain the terms and conditions of the DRP click here ( Adobe PDF Document, 561 KB).

For an application form to participate in the DRP click here ( Adobe PDF Document, 1.7 MB). Alternatively you can make the election on-line at https://www-au.computershare.com/investor

Distribution and DRP History

The history of distributions and DRP details since the Trust’s listing is set out in the table below:

Distribution Period ended Total Cash distribution (cents/unit) Cash distribution comprised of (cents/unit): Relevant Dates for distribution DRP details
Capital Gain Aust. Interest Aust. Other Tax Advantaged Ex-distribution Date Record Date Payment Date Discount to market Price (cents)
30 June 2016 - - - - -          
2016 Year - - - - -          
30 June 2015 - - - - -          
2015 Year - - - - -          
30 June 2014 0.528 - 0.009 0.519 - 26/6/14 30/6/14 26/9/14   8.92
2014 year 0.528 - 0.009 0.519 -          
30 June 2013 2.82 - 0.038  2.782 - 25/6/13 1/7/13 27/9/13 5.0% 8.47
31 Dec 2012 - - - - -          
2013 year 2.82 - 0.038 2.782 -          
30 Jun 2012 3.180 - 0.151 3.029 - 25/6/12 29/6/12 8/10/12 5.0% 13.30
31 Dec 2011 - - - - -          
2012 year  3.180 -  0.151  3.029 -          
30 Jun 2011 1.490 - 0.029 1.461 - 24/6/11 30/6/11 27/9/11 2.5% 13.16
31 Dec 2010 0.960 - 0.027 0.933 - 23/12/10 31/12/10 28/3/11 2.5% 18.53
2011 year 2.450 - 0.056 2.394 -          
30 Jun 2010 0.920 - 0.030 0.890 - 24/6/10 30/6/10 27/9/10 2.5% 12.68
31 Dec 2009 1.100 - 0.014 1.086 - 23/12/09 31/12/09 26/3/10 2.5% 17.06
2010 year 2.020 - 0.044 1.976 -          
30 Jun 2009 1.027 - 0.019 1.008 - 24/6/09 30/6/09 28/9/09 10.0% 13.50
31 Dec 2008 1.400 - 0.170 1.230 - 23/12/08 31/12/08 27/3/09 10.0% 25.00
2009 year 2.427 - 0.189 2.238 -          
30 Jun 2008 2.050 - 2.050 - - 24/6/08 30/6/08 26/9/08 2.5% 24.33
2008 year 2.050 - 2.050 - -          
30 Jun 2007 9.700 8.633 1.0670 - - 8/10/07 11/10/07 15/11/07 2.5% 32.00
2007 year 9.700 8.633 1.0670 - -          
30 Jun 2006 - - - - -          
2006 year - - - - -          
30 Jun 2005 - - - - -          
31 Mar 2005 1.500 - - - 1.500 25/3/05 1/4/05 21/4/05 5.0% 62.00
31 Dec 2004 1.500 - - - 1.500 23/12/04 31/12/04 21/1/05 5.0% 65.00
30 Sept 2004 1.500 - - - 1.500 24/9/04 30/9/04 21/10/04 5.0% 67.00
2005 year 4.500 - - - 4.500          
30 Jun 2004 1.610 - - - 1.610 24/6/04 30/6/04 21/7/04 None 76.00
31 Mar 2004 1.610 - - - 1.610 25/3/04 31/3/04 21/4/04 None 85.00
31 Dec 2003 1.610 - - - 1.610 23/12/03 31/12/03 21/1/04 None 80.00
30 Sept 2003 1.610 - - - 1.610 24/9/03 7/10/03 27/10/03 None 75.00
2004 year 6.440 - - - 6.440          
30 Jun 2003 1.610 - - - 1.610 27/6/03 30/6/03 28/7/03 None 90.00
Pre-listing 2.330 - - - 2.330 Unlisted Unlisted Unlisted None 92.00
2003 year 3.940 - - - 3.940          

The Trust announced a change in direction to an agricultural property trust in October 2007.