What are distributions?
The FIIG Monthly Income Fund makes regular payments to unitholders in the form of monthly distributions. These distributions typically consist of primarily income from interest (generated from cash or bonds) and realised capital gains from the sale of assets held by the Fund.
How much do I receive?
The income you receive is based on the number of units you hold at the end of the distribution period, regardless of how long you have held those units. Every unit in the Fund receives the same rate of distribution. This rate of distribution
is published as a cents per unit distribution
rate. The total distribution you receive is calculated by multiplying the cents per unit distribution rate by the number of units held at the end of the distribution period.
How often are distributions paid?
The Fund pays distributions on a monthly basis provided there is distributable income available. Distribution payments occur approximately two weeks after a distribution date.
How can my distributions be paid to me?
Unitholders can elect to receive the distribution in the form of cash (paid to their nominated bank account) or reinvestment, which is the purchase of additional units in the fund.
Investors in the Fund can choose to have their income paid to an Australian bank account held in the name of the account holder or to have this distribution reinvested into the Fund to purchase additional units. Investors may
elect to have income distributed on the initial fund application form. However, this preference can be changed up to 7 days before a distribution date.
Why is the unit price lower after the distribution?
The income and any realised capital gains that the Fund earns are reflected in the unit price; this increases the unit price over time. When a distribution is paid, this income and realised capital gains are paid to investors, and the unit price will fall by approximately the same amount as the distribution.
For example, if a fund has a unit price of $1 on 30 June and the fund declares a distribution of $0.04 per unit (4 cents per unit), unitholders invested as at 30 June will be entitled to receive the $0.04 per unit distribution.
Consequently, the unit price of the fund will fall to $0.96 to account for the $0.04 per unit distribution.
How can my distributions be paid to me?
Unitholders can elect to receive the distribution in the form of cash (paid to their nominated bank account) or reinvestment, which is the purchase of additional units in the fund.
Why is my distribution different from one period to the next?
The payment cycles of the underlying securities in which a fixed-income fund invests, the overall performance of the fixed-income market, the composition of the fund's holdings, and the fund's expenses can all affect distribution
payments from one period to the next.
How do I know when my Fund has paid a distribution?
At the end of each distribution period, you’ll receive a distribution statement for the Fund outlining the details and amount of the distribution you received. This statement will also notify you how we have paid
this distribution based on your chosen payment method.
When can I expect to receive my annual tax statement?
For each financial year, you’ll receive an Annual Tax Statement. The timing of dispatch of this document will be made available in mid-June each year and will be available on the Fund website.