La Trobe fund locks in 1.27c monthly payout with DRP option
La Trobe Private Credit Fund has confirmed a monthly cash distribution of 1.27 cents per unit, with payment due on 14 September. Unitholders can instead reinvest through a full DRP at an ex-distribution NTA price of $1.96 per unit.
- Actual monthly distribution of AUD 0.0127 per unit
- 100% unfranked distribution for the month ended 31 August 2026
- Payment scheduled for 14 September 2026
- Full DRP offered at AUD 1.96 per unit with no discount
- Final tax components expected on the payment date
Actual Monthly Distribution Confirmed
La Trobe Private Credit Fund (ASX:LF1) has turned a previously updated distribution notice into a firm number: holders will receive an ordinary cash distribution of AUD 0.01270000 per fully paid unit for the month ended 31 August 2026.
The distribution is entirely unfranked. The fund's updated timetable records an ex-distribution date of 1 September 2026, a record date of 2 September and a payment date of 14 September. The filing is an update to the fund's 26 August announcement and confirms the actual amount rather than an estimate.
DRP Offers Units at $1.96
Cash is the default for holders who do not elect to participate, but the fund is offering a full distribution reinvestment plan. The reinvestment price is AUD 1.96000 per unit, calculated as the ex-distribution net tangible asset value at the end of the distribution period, with no discount applied.
Units issued through the DRP are scheduled to be issued on 14 September and will rank pari passu from that date. There is no stated minimum or maximum participation threshold. Eligibility is limited under the plan to unitholders whose registered address is in Australia or New Zealand, subject to the DRP rules.
Tax Details Remain Partly Estimated
The gross cash distribution of AUD 0.01270000 per unit is marked actual, while several tax components remain estimated. The filing identifies estimated interest of AUD 0.00459533 per unit, assessable foreign-source income of AUD 0.00753606, tax-deferred amounts and managed investment trust fund payments of AUD 0.00120932 per unit.
The fund says distribution tax components are expected to be available on the payment date. That leaves the cash amount settled, but the tax treatment for investors is not yet fully finalised - a distinction that matters particularly for holders calculating their after-tax income.
Bottom Line?
The cash distribution is fixed, but the final tax components and the volume of new units issued through the DRP remain the next useful data points for investors.
Questions in the middle?
- How will the final tax components differ from the estimates disclosed in the update?
- How many units will be issued under the DRP at the AUD 1.96 reinvestment price?
- Will the monthly distribution remain at this level in subsequent periods?
