Perennial Income Generator Fund Declares 1.785 Cents Monthly Distribution for December

Perennial Income Generator Fund's December Distribution Announcement

Perennial Investment Management Limited, the responsible entity for the Perennial Income Generator Fund (ASX: EIGA), has declared an estimated monthly distribution of 1.785 cents per unit for December 2024. This announcement underscores the Fund’s ongoing strategy to provide investors with a reliable income stream through a diversified portfolio of Australian shares.

The Fund’s objective remains focused on delivering an attractive, tax-effective income, aiming to outperform the S&P/ASX 300 Franking Credit Adjusted Daily Return Total Index on a gross yield basis. The monthly distribution approach aligns with investor demand for steady cash flow, particularly appealing in a low-interest-rate environment.

Key Dates and Distribution Mechanics

Investors looking to receive this distribution must be registered unitholders by the Record Date, which falls on Thursday, 9 January 2025. The Ex Distribution Date is set for Wednesday, 8 January 2025, meaning units must be purchased before this date to qualify for the upcoming payment. The distribution payment itself is scheduled for Wednesday, 15 January 2025.

Perennial has reiterated that all distributions will be paid electronically, emphasizing the importance for unitholders to ensure their bank account details are up to date with the registrar, OneVue Fund Services. Failure to provide bank details or a preferred payment method will result in automatic participation in the Distribution Reinvestment Plan (DRP).

Distribution Reinvestment Plan (DRP) Participation

The DRP remains operational for this distribution cycle, offering unitholders the option to reinvest their distributions back into the Fund rather than receiving cash payments. To participate, investors must make their election by 5 PM on Thursday, 9 January 2025. This feature supports long-term growth strategies by compounding investment returns and can be particularly attractive in volatile markets.

Unitholders can manage their distribution preferences and update details through the Investor Centre portal or by contacting Client Services. This flexibility enhances investor control over income management and reinvestment decisions.

Looking Ahead

As the Fund continues to grow its unit base, the steady monthly distributions signal confidence in the underlying portfolio’s income-generating capacity. While the distribution amount is estimated and subject to change, the consistent payout rhythm helps maintain investor trust and supports the Fund’s positioning as a reliable income vehicle within the managed funds sector.