Distribution Performance

Distributions

Distribution Policy

The Trust has a practice of distributing up to 100% of its distributable income which is calculated as the net accounting profit attributable to Unitholders less any unrealised components. The Trust can give no assurance as to the specific level of distributions, if any, as this depends, among other factors, on the Trust’s net earnings from its properties and its ability to raise both debt and equity at an appropriate cost of capital.

Distribution Payments

The Trust makes its distribution payments on a quarterly in arrears basis. The Trust makes all distribution payments via Electronic Funds Transfer to Unitholders’ bank accounts.

Distribution Performance (by Year)

Year Ending 30 June Cents Per Unit Tax Deferred Proportion %
2016 13.40 15
2015 12.80 19
2014 12.00 26
2013 10.70 34
2012 10.30 40
2011 4.25 100
2010 0.67 1.0
2009 4.00 100
2008 14.02 61.9
2007 14.60 60.1
2006 13.70 25.7
2005 10.50 N/A
(Note tax status of trust changed from 1 July 2005)

Distribution Performance (by Quarter)

Year Ending Quarter Ending Cents Per Unit
2017 31 March 3.55
2016 31 December 3.55
2016 30 September 3.55
2016 30 June 3.35
2016 31 March 3.35
2015 31 December 3.35
2015 30 September 3.35
2015 30 June 3.225
2015 31 March 3.225
2014 31 December 3.175
2014 30 September 3.175
2014 30 June 3.0
2014 31 March 3.0
2014 31 December 3.0
2014 30 September 3.0
2013 30 June 2.9
2013 31 March 2.8
2013 31 December 2.5
2013 30 September 2.5

Distribution Components

For the Quarter Ended 31-03-2017 Cents per Unit
Tax Deferred 0.515
Taxable (excluding capital gains & interest) 2.660
Taxable (interest) 0.375
Taxable (capital gains)
Total payable 3.55

In accordance with section 12-415 of Schedule 1 of the Taxation Administration Act 1953 (Cth) the distribution includes a “fund payment” of 2.660 cents per unit with respect to the income year ending 30 June 2017. FET is a registered Management Investment Scheme.

 

For the Quarter Ended 31-12-2016 Cents per Unit
Tax Deferred 0.515
Taxable (excluding capital gains & interest) 2.660
Taxable (interest) 0.375
Taxable (capital gains)
Total payable 3.55

In accordance with section 12-415 of Schedule 1 of the Taxation Administration Act 1953 (Cth) the distribution includes a “fund payment” of 2.660 cents per unit with respect to the income year ending 30 June 2017. FET is a registered Management Investment Scheme.

 

For the Quarter Ended 30-9-2016 Cents per Unit
Tax Deferred 0.515
Taxable (excluding capital gains & interest) 2.660
Taxable (interest) 0.375
Taxable (capital gains)
Total payable 3.55

In accordance with section 12-415 of Schedule 1 of the Taxation Administration Act 1953 (Cth) the distribution includes a “fund payment” of 2.660 cents per unit with respect to the income year ending 30 June 2017. FET is a registered Management Investment Scheme.

 

For the Year Ended 30-6-2016 Cents per Unit
Tax Deferred 2.066
Taxable (excluding capital gains & interest) 10.306
Taxable (interest) 0.518
Taxable (capital gains) 0.510
Total payable 13.400

In accordance with section 12-415 of Schedule 1 of the Taxation Administration Act 1953 (Cth) the distribution includes a “fund payment” of 10.306 cents per unit with respect to the income year ending 30 June 2016. FET is a registered Management Investment Scheme.

 

For the Year Ended 30-6-2015 Cents per Unit
Tax Deferred 2.49
Taxable (excluding capital gains & interest) 9.69
Taxable (interest) 0.62
Total payable 12.80

In accordance with section 12-415 of Schedule 1 of the Taxation Administration Act 1953 (Cth) the distribution includes a “fund payment” of 9.69 cents per unit with respect to the income year ending 30 June 2015. FET is a registered Management Investment Scheme.

 

For the Year Ended 30-6-2014 Cents per Unit
Tax Deferred 3.14
Taxable (excluding capital gains & interest) 8.16
Taxable (interest) 0.70
Total payable 12.00

In accordance with section 12-415 of Schedule 1 of the Taxation Administration Act 1953 (Cth) the distribution includes a “fund payment” of 8.16 cents per unit with respect to the income year ending 30 June 2014. FET is a registered Management Investment Scheme.

 

For the Year Ended 30-6-2013 Cents per Unit
Tax Deferred 3.62
Taxable (excluding capital gains & interest) 6.15
Taxable (interest) 0.93
Total payable 10.70

In accordance with section 12-415 of Schedule 1 of the Taxation Administration Act 1953 (Cth) the distribution includes a “fund payment” of 6.15 cents per unit with respect to the income year ending 30 June 2013. FET is a registered Management Investment Scheme.

 

For the Year Ended 30-6-2012 Cents per Unit
Tax Deferred 4.19
Taxable (excluding capital gains & interest) 4.93
Taxable (interest) 1.18
Total payable 10.30

In accordance with section 12-415 of Schedule 1 of the Taxation Administration Act 1953 (Cth) the distribution includes a “fund payment” of 4.93 cents per unit with respect to the income year ending 30 June 2012. FET is a registered Management Investment Scheme.

Distribution Reinvestment Plan

The Distribution Reinvestment Plan is currently active.

The DRP can be a convenient way for investors to increase their holding in the Trust by reinvesting all or some of the distributions in additional Trust units. By participating in the DRP investors will not incur any brokerage, commission or stamp duty.

The DRP is not available to unitholders outside Australia and New Zealand.

Participation in the DRP is entirely optional. Investors may elect to:

  • Participate fully in the DRP and all of your distribution will be reinvested into new Trust units;
  • Participate partially in the DRP and the distribution on a specified number of the units will be reinvested in new Trust units. The distribution on the remaining units will be paid as a cash distribution; or
  • Not participate in the DRP and continue to receive cash distributions.

If you wish to obtain a printed copy of the Distribution Reinvestment Plan, please contact the unit registry Boardroom Pty Limited. To access the DRP form, please click here.

Boardroom Pty Limited
Telephone: 1300 737 760
Facsimile: 1300 653 459
Email: folkestone@boardroomlimited.com.au
or Website: www.boardroomlimited.com.au

A summary of the unit prices for units issued in the past under the DRP is as follows:

Period Ended Date Issued VWAP Price Discount Participation Price
31 December 2016 20 January 2017 $2.5200 1.5% 2.48
30 September 2016 20 October 2016 $2.6593 1.5% 2.62
30 June 2016 20 July 2016 $2.6596 1.5% 2.61
31 March 2016 20 April 2016 $2.3435 1.5% 2.30
31 December 2015 20 January 2016 $2.2116 1.5% 2.17
30 September 2015 20 October 2016 $2.0088 1.5% 1.97
30 June 2015 20 July 2015 $2.1079 1.5% $2.07
31 March 2015 20 April 2015 $2.1789 1.5% $2.14
31 December 2014 20 January 2015 $1.9564 1.5% $1.92
30 September 2014 20 October 2015 $1.8600 1.5% $1.83
30 June 2004 2 July 2004 $1.2648 2.5% $1.2332
31 December 2003 27 February 2004 $1.3512 2.5% $1.3174

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