SLF Announces 31.56 Cents Per Unit Distribution Including Tax Credits
State Street Global Advisors has announced a 31.56 cents per unit cash distribution for the SPDR S&P/ASX 200 Listed Property ETF for the period ending June 30, 2025, including franking and foreign tax credits.
- 31.5595 cents per unit cash distribution declared
- Includes franking credits of 0.0144 cents and foreign tax credits of 0.0475 cents
- Distribution components detailed by income type and tax treatment
- Ex-distribution date set for June 27, 2025, with payment on August 29, 2025
- No distribution reinvestment plan currently offered
Distribution Announcement Overview
State Street Global Advisors Australia Services Limited has declared a cash distribution for the SPDR S&P/ASX 200 Listed Property ETF (ASX, SLF) for the financial period ending June 30, 2025. The total distribution amounts to 31.5595 cents per unit, supplemented by franking credits worth 0.0144 cents and foreign tax credits of 0.0475 cents per unit. This announcement provides investors with clarity on income returns from the fund, reflecting its underlying property sector holdings.
Breakdown of Distribution Components
The distribution is composed of various income streams, including Australian income, franked and unfranked dividends, foreign income, and capital gains. Notably, discounted capital gains make up a significant portion at 27.1% of the total distribution, while other non-assessable amounts and tax-free components together represent over 48%. This detailed breakdown offers investors insight into the tax attributes of their income, which can influence after-tax returns depending on individual circumstances.
Key Dates and Fund Operations
The units of SLF will trade ex-distribution from June 27, 2025, with the record date set for June 30, 2025. Distribution payments are scheduled for August 29, 2025. The fund’s market application and redemption facilities will be closed from June 27 and reopen on June 30, ensuring orderly processing around the distribution event. Importantly, the fund currently does not offer a distribution reinvestment plan, which means investors will receive cash payments rather than automatic reinvestment into additional units.
Regulatory Compliance and Investor Considerations
The distribution complies with the Australian Taxation Administration Act 1953, with State Street Global Advisors confirming adherence to relevant tax legislation for the income year ending June 30, 2025. Investors are reminded that the distribution components have varying tax implications, and professional advice is recommended to understand the impact on individual tax positions. The announcement also underscores that investing in the ETF involves risks, including potential loss of principal, and is not a solicitation to buy or sell units.
Context in the ASX Listed Property Sector
This distribution announcement fits within the broader context of income generation from listed property trusts on the ASX, a sector known for delivering steady income streams to investors. While the announcement does not comment on performance drivers or compare to prior distributions, the declared amount will be closely watched by income-focused investors and analysts benchmarking yield trends across property ETFs.
Bottom Line?
As income investors digest this distribution, attention will turn to how SLF’s yield compares with peers and the outlook for property sector income in a shifting economic landscape.
Questions in the middle?
- How does this distribution compare to SLF’s previous payouts and sector peers?
- What underlying property assets or market conditions influenced the capital gains component?
- Will the fund consider introducing a distribution reinvestment plan in the future?
