We’ve reached the end of another financial year. Here’s the Affluence Investment Fund 2019 End of Financial Year Information.
Returns this financial year for the Affluence Investment Fund have been positive but subdued. This means that for the only time since the commencement of the Fund, we will not be paying a higher distribution for June. The distribution rate for June will be the same as the regular monthly amount for the past year, 0.46 cents per unit. This distribution will be paid as usual on 10 July.
The end of the financial year is a busy time for us. In addition to determining and paying the final year-end distribution for the Fund, we also complete tax calculations and finalise tax statements for Investors. We will also be finalising investment statements, preparing Fund accounts and arranging to have them audited.
The Affluence Investment Fund portfolio includes many different funds and managers. Our year-end processes rely on each of those managers to provide us with accurate data so we can complete our calculations. This does take some time and means that some procedures tend to take a little longer in July than in other months. Please bear with us.
Important dates
Below are our estimated dates for the Affluence Investment Fund 2019 end of financial year processes. We will update the information below as each item is completed.
| Event | Date |
| Payment June 2019 distribution | 10 July 2019 (paid) |
| Release of June 2019 unit price | 10 July 2019 (complete) |
| Distribution reinvestment advices sent | 10 July 2019 (complete) |
| Release of June 2019 Fund Report | 12 July 2019 (complete) |
| Annual Investment statements sent | 6 August 2019 (complete) |
| Annual Tax statements sent | 30 August 2019 (complete) |
If you have any questions regarding your investment, please do not hesitate to contact us or your financial advisor.
Thank you for your continued support. It means a lot to us.
If you’d like to learn more about the Affluence Investment Fund, you can visit the Affluence Investment Fund page.
If you’d like to learn more about how to report income and claim deductions for managed trust investments, the ATO has published information on their website here.
