Franklin Templeton Declares Final 0.1513c Unit Distribution for FRAR Fund
Franklin Templeton Australia Limited has announced a final distribution of 0.1513 cents per unit for its Franklin Australian Absolute Return Bond Fund, with key dates set for early February 2025.
- Final distribution of 0.1513 cents per unit declared
- Ex-distribution date set for 3 February 2025
- Distribution reinvestment price announced on 4 February 2025
- Payment and reinvestment date scheduled for 12 February 2025
- Distribution Reinvestment Plan (DRP) available for unitholders
Final Distribution Announcement
Franklin Templeton Australia Limited has confirmed the final distribution for the Franklin Australian Absolute Return Bond Fund (ASX: FRAR) for the period ending 31 January 2025. Unitholders will receive a distribution of 0.1513 cents per unit, marking the latest income return from the fund’s portfolio.
The ex-distribution date is set for 3 February 2025, meaning investors must hold units before this date to be eligible for the distribution. The record date follows on 4 February 2025, with the payment and distribution reinvestment date scheduled for 12 February 2025.
Distribution Reinvestment Plan Details
Franklin Templeton continues to offer a Distribution Reinvestment Plan (DRP) for unitholders who prefer to reinvest their distributions rather than receive cash payments. The DRP price will be announced on 4 February 2025, providing investors with an opportunity to increase their holdings in the fund without incurring brokerage fees.
Investors interested in participating in the DRP can find further details on Franklin Templeton’s website or by contacting their investor services team. This option aligns with a broader trend among managed funds to offer flexible income reinvestment solutions, supporting long-term capital growth strategies.
Context and Implications
The Franklin Australian Absolute Return Bond Fund aims to deliver consistent returns by investing in a diversified portfolio of fixed income securities with an absolute return focus. The declared distribution reflects the fund’s ongoing income generation capabilities amid current market conditions.
While the distribution amount is modest, it is consistent with the fund’s strategy of balancing income and capital preservation. Investors should consider their individual financial circumstances and consult professional advice, as Franklin Templeton notes, before making investment decisions related to the fund.
Mathew Sund, Head of Fund and Investor Services at Franklin Templeton Australia, authorised the announcement, underscoring the firm’s commitment to transparent communication with unitholders.
Bottom Line?
As the FRAR fund closes this distribution period, investors will watch closely how reinvestment uptake and market conditions shape its next phase.
Questions in the middle?
- How will the distribution reinvestment plan participation impact the fund’s unit price?
- What are the fund’s outlook and strategy adjustments amid evolving fixed income markets?
- How does this distribution compare to previous periods in terms of yield and investor returns?
