Fat Prophets Global Contrarian Fund Declares 2 Cent Dividend with DRP Price Disclosed

Dividend and DRP Details Finalised

Fat Prophets Global Contrarian Fund Ltd (ASX:FPC) has updated its dividend announcement for the six-month period ending 31 December 2025, specifying the Dividend Reinvestment Plan (DRP) price. The fund declared an ordinary dividend of AUD 0.02 per share, payable on 9 April 2026, with a record date of 25 March 2026. This dividend is fully unfranked, meaning no Australian franking credits will accompany the payment.

The DRP price has been set at AUD 1.35 per share, which reflects a 2.5% discount applied to the volume weighted average price (VWAP) of FPC shares traded on the ASX over the three trading days from 25 to 27 March 2026. This discount incentivises shareholders to reinvest their dividends into additional shares rather than taking cash.

Participation and Pricing Mechanics

Shareholders wishing to participate in the DRP must lodge their election notices by 7:00pm on 26 March 2026. The DRP is fully available for this dividend, meaning shareholders can elect to reinvest their entire dividend entitlement into new shares rather than receiving cash. The new shares issued under the DRP will rank equally with existing ordinary shares from the issue date.

The use of a short three-day VWAP period to calculate the DRP price introduces some variability depending on market conditions during that window. However, the 2.5% discount provides a modest buffer against price fluctuations, potentially making reinvestment more attractive.

Dividend Context Amid Strong Fund Performance

This dividend announcement follows Fat Prophets Global Contrarian Fund's impressive turnaround reported earlier this year, where the fund posted a $9.3 million profit for the half-year ended December 2025, a dramatic leap from just $14,000 a year earlier. The interim dividend of 2 cents per share was declared alongside this profit surge, reflecting the fund's improved earnings and cash flow position. The fund's portfolio remains heavily invested in global listed equities, leveraging market opportunities to generate returns.

The fund’s recent profitability and dividend declaration have attracted investor attention, as documented in the profit surge and dividend declaration. The DRP pricing update now completes the dividend picture, giving shareholders clarity on their reinvestment options.