Regal Investment Fund Estimates 12c Dividend with Full DRP Option
Regal Investment Fund has announced an estimated ordinary dividend of AUD 0.12 per unit for the half-year ending December 2025, alongside a full Dividend Reinvestment Plan available to eligible investors.
- Estimated ordinary dividend of AUD 0.12 per unit
- Ex-date set for 31 December 2025, payment on 9 March 2026
- Full Dividend Reinvestment Plan (DRP) with no discount
- DRP securities to be newly issued and rank pari passu
- DRP participation limited to Australian and New Zealand unit holders
Dividend Announcement Overview
Regal Investment Fund (ASX – RF1) has declared an estimated ordinary dividend distribution of 12 cents per unit for the six-month period ending 31 December 2025. This announcement, made on 22 December 2025, sets the ex-dividend date for 31 December, with the record date following shortly on 2 January 2026. The payment date is scheduled for 9 March 2026, providing investors with a clear timeline for the upcoming income event.
Dividend Reinvestment Plan Details
Alongside the cash dividend, Regal Investment Fund offers a Dividend Reinvestment Plan (DRP) that allows unit holders to reinvest their distributions into additional units rather than receiving cash. Notably, the DRP is a full plan with no discount applied to the reinvestment price, which will be based on the net asset value of the units as determined on the record date. New units issued under the DRP will rank equally with existing units, ensuring parity for participating investors.
However, participation in the DRP is restricted to unit holders with registered addresses in Australia and New Zealand, reflecting regulatory and operational considerations. The deadline for DRP election submissions is 5 January 2026 at 5 – 00 pm, giving investors a narrow window to decide their preferred dividend receipt method.
Unfranked Dividend and Confirmation Timeline
The dividend is currently estimated and fully unfranked, meaning it carries no franking credits for Australian tax purposes. Regal Investment Fund plans to confirm the actual dividend amount on 19 January 2026, allowing for any adjustments before the final payment. This estimated nature introduces a degree of uncertainty, but the firm’s communication provides investors with early visibility to plan accordingly.
Implications for Investors
For income-focused investors, the 12-cent per unit dividend represents a tangible return on investment for the half-year period. The availability of a DRP without a discount may appeal to those seeking to compound their holdings without incurring transaction costs. Meanwhile, the timing of the payment and record dates aligns with typical end-of-year portfolio considerations, potentially influencing investor decisions around tax planning and cash flow management.
Overall, Regal Investment Fund’s announcement underscores its commitment to providing steady income distributions while offering flexible reinvestment options. Market participants will be watching closely for the final dividend confirmation and subsequent investor uptake of the DRP.
Bottom Line?
As the final dividend confirmation approaches, investors will weigh the benefits of cash versus reinvestment amid a fully unfranked payout.
Questions in the middle?
- Will the final dividend amount differ from the current estimate of AUD 0.12 per unit?
- How will the absence of a DRP discount affect participation rates among unit holders?
- What impact might the unfranked status have on investor demand and tax planning strategies?
