ORG CitiFirst Instalment MINIs Declare AUD 0.30 Dividend; Ex-Dividend Date 4 March

Dividend Announcement Aligns Instalment MINIs with Ordinary Shares

Citigroup Global Markets Australia Pty Limited has confirmed a fully franked dividend payment of AUD 0.30 for holders of the ORG CitiFirst Instalment MINIs, identified by ASX codes ORGJOA, ORGJOB, ORGJOC, and ORGJOE. This announcement, dated 14 February 2025, synchronizes the dividend timeline of these structured products with the underlying ORG Ordinary shares.

The record date for entitlement to the dividend is set for 5 March 2025, which is the same as that for the ORG Ordinary shares. This alignment ensures that investors holding the Instalment MINIs on this date will be eligible for the dividend, maintaining consistency across the product and its underlying asset.

Ex-Dividend Date and Payment Schedule

Trading in the CitiFirst Instalment MINIs will commence ex-dividend on 4 March 2025, one day prior to the record date. This timing mirrors the ex-dividend date for the ORG Ordinary shares, providing clarity and predictability for market participants. Investors should be aware that purchasing the MINIs on or after this date will not entitle them to the upcoming dividend.

The dividend payment is expected to be made on 28 March 2025, with the Trustee coordinating the distribution to holders of the Instalment MINIs to coincide as closely as possible with the receipt of the dividend from the underlying company. This approach underscores the structured product’s design to closely track the economic benefits of the underlying shares.

Implications for Investors and Market Participants

For investors, the announcement provides a clear timeline to assess the value proposition of holding the ORG CitiFirst Instalment MINIs through the dividend period. The fully franked nature of the dividend adds an attractive tax benefit, potentially enhancing after-tax returns for eligible investors.

Market analysts will likely monitor the price action of both the Instalment MINIs and the underlying ORG shares around the ex-dividend date to gauge investor sentiment and the effectiveness of the product’s dividend pass-through mechanism. Given the structured nature of these products, understanding their dividend dynamics is crucial for accurate valuation and risk assessment.

Citigroup’s role as issuer and the involvement of the Trustee in dividend distribution reinforce the operational integrity of the Instalment MINIs, reassuring investors about the reliability of income flows from these derivative instruments.