Booster Investment Management, the manager of the Private Land and Property Fund, has announced a distribution of 0.72 cents per unit for the quarter ended Sept 30, 2024.
The fully imputed distribution is equivalent to a pre-tax payment of 0.98%.
It will be based on the fund's cash earnings from July 1 to Sept 30.
To be eligible for the distribution, investors must have been registered security holders of the fund on Sept 19, 2024, the record date.
Booster highlighted that the fund is generating annual cash-based pre-tax earnings of 3.59% from lease income and grape supply contracts, and is also benefiting from valuation gains on its land under development.
The distribution reinvestment plan is available, with elections to participate due by 5pm on the record date.
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