Distribution schedule

Pengana intends that the Trust will make distributions semi-annually (as at 30 June and 31 December of each year). The first payment will be no sooner than 31 December 2019.

Pengana intends that the first four cash distributions will be for the following amounts:

• $0.025 per Unit for the period ending 31 December 2019;
• $0.025 per Unit for the six month period ending 30 June 2020;
• $0.025 per Unit for the six month period ending 31 December 2020;
• $0.025 per Unit for the six month period ending 30 June 2021,

From 1 July 2021, Pengana intends to target a cash distribution yield equal to 4% p.a. of the NAV (excluding the total value of the Alignment Shares) as at the end of the period that a distribution is paid. Pengana has established a distribution reinvestment plan (DRP) in respect of distributions made by the Trust. In respect of each distribution, Pengana may choose to offer the DRP or not. Under the DRP, unitholders may elect to have all or part of their distributions reinvested in the trust.

Pengana expects that distribution payments will be made in mid-January and July for the prior period. Tax statements will be provided to investors in late September for the preceding financial year.

Click here to review the dividend reinvestment plan terms and conditions.