CLW Sets DRP Price at AUD 4.25 with 1% Discount for Q3 Dividend
Charter Hall Long WALE REIT has updated the price for its Dividend Reinvestment Plan (DRP) for the upcoming quarterly distribution, setting a new discounted issue price for investors opting to reinvest dividends.
- Updated DRP price set at AUD 4.2467 with a 1% discount
- Quarterly ordinary dividend of AUD 0.06375 per security declared
- Dividend fully unfranked, payable on 14 November 2025
- DRP securities to be newly issued and rank pari passu
- No minimum or maximum limits for DRP participation
Dividend Update and DRP Pricing
Charter Hall Long WALE REIT (ASX – CLW) has issued an update to its previous dividend announcement, specifically revising the Dividend Reinvestment Plan (DRP) price for the quarter ending 30 September 2025. The new DRP price is set at AUD 4.2467 per security, reflecting a 1% discount to the average daily volume weighted average price over a ten-day period from 3 October to 16 October 2025.
This update follows the initial dividend notification released in September and provides clarity for investors considering reinvestment options ahead of the payment date on 14 November 2025.
Dividend Details and Payment Schedule
The ordinary dividend declared is AUD 0.06375 per fully paid unit, representing the distribution for the third quarter of 2025. Notably, the dividend is fully unfranked, meaning it carries no franking credits. The record date for entitlement was 30 September 2025, with the ex-dividend date falling on 29 September 2025.
Investors who do not elect to participate in the DRP will receive their dividend payment in cash. The DRP offers an alternative by allowing holders to reinvest their dividends into new securities issued by the REIT, which will rank equally with existing units from the date of issue.
DRP Participation and Market Implications
The DRP is fully operational for this dividend, with no minimum or maximum participation thresholds, making it accessible to all unit holders. The issuance of new securities under the DRP could have implications for the REIT’s capital structure and liquidity, depending on investor uptake.
Charter Hall has indicated that further details regarding DRP pricing will be announced around the dividend payment date, which may provide additional insight into investor demand and the REIT’s capital management strategy.
Looking Ahead
This update underscores Charter Hall Long WALE REIT’s ongoing commitment to transparent communication with its investors, particularly around distribution mechanics and reinvestment options. As the market digests this information, attention will turn to the forthcoming DRP pricing announcement and the potential impact on unit pricing and investor returns.
Bottom Line?
Investors should watch for the upcoming DRP pricing announcement to gauge reinvestment interest and potential effects on unit liquidity.
Questions in the middle?
- What level of investor participation will the DRP attract this quarter?
- How might the issuance of new securities under the DRP affect unit price and liquidity?
- Will future dividends maintain the same unfranked status or shift to include franking credits?
