Montaka Global Fund Declares 11.30 Cents Distribution for December 2024

Distribution Announcement and Timetable

Montaka Global Long Only Equities Fund (ASX: MOGL) has declared a distribution of 11.30 cents per unit for the six-month period ended 31 December 2024. This announcement, released on 13 January 2025, outlines key dates including an ex-distribution date of 2 January 2025 and a payment date scheduled for 21 January 2025. Investors who held units as of the record date, 3 January 2025, will be eligible for the distribution.

The Fund continues to offer a Distribution Reinvestment Plan (DRP), allowing investors to reinvest their distributions into additional units rather than receiving cash. The reinvestment unit price for this distribution is set at $4.9865, reflecting the Fund’s underlying net asset value. The deadline for DRP election was 6 January 2025, ensuring participants can benefit from compounding returns within the Fund.

Fund Structure and Tax Considerations

Montaka Global Long Only Equities Fund is classified as an Attribution Managed Investment Trust (AMIT) for the 2024-25 income year, a status that provides tax transparency benefits to investors. While the Fund has provided estimated tax components for the distribution, final details will be confirmed in the AMMA statement after the fiscal year ends on 30 June 2025. This transparency aids investors in accurately preparing their tax returns and understanding the nature of income received.

Investment Strategy and Performance Outlook

The Fund aims to deliver long-term capital growth combined with distributions targeting 4.5% per annum. It pursues this objective through a concentrated portfolio of 15 to 30 high-conviction global equities, selected for quality and growth potential. The Fund benchmarks its performance against the MSCI World Net Total Return Index in Australian dollars, seeking to outperform over rolling five-year periods net of fees.

Montaka’s approach reflects a disciplined global equity strategy, balancing income generation with capital appreciation. The steady distribution announced aligns with the Fund’s objective to provide investors with reliable income streams while participating in global market growth.

Investor Considerations and Next Steps

Investors are encouraged to review the distribution details and consider their participation in the DRP to optimise their investment outcomes. The Fund’s website provides comprehensive information on the DRP policy and estimated tax components, supporting informed decision-making. As always, investors should consider their individual financial circumstances and seek professional advice where necessary.

Montaka Global Long Only Equities Fund’s latest distribution announcement underscores its ongoing commitment to delivering value through a well-managed global equity portfolio, balancing income and growth in a dynamic market environment.