Citigroup Announces AUD 1.02875663 Unfranked Distribution for QLTY CitiFirst Instalment MINIs QLTJOA and QLTJOB with Record Date on 2 July 2026

Unfranked Distribution of AUD 1.02875663 Declared for QLTY CitiFirst Instalment MINIs

Citigroup Global Markets Australia Pty Limited, as issuer of the QLTY CitiFirst Instalment MINIs, has declared an unfranked distribution amounting to AUD 1.02875663 per unit for holders of the products listed under ASX codes QLTJOA and QLTJOB. The announcement, dated 1 July 2026 and submitted to the Australian Stock Exchange, outlines the distribution timeline to provide clarity for investors holding these structured products around the relevant dates.

The distribution is unfranked, indicating that no franking credits will accompany the payment. This aligns with the underlying Betashares Global Quality Leaders ETF’s distribution, which similarly does not carry franking credits for this cycle. Investors should factor the unfranked status into their tax planning, as no franking credits will offset personal tax liabilities arising from this income.

Record Date Synchronised with Betashares Global Quality Leaders ETF

The company update highlights the intentional alignment of the record date for the CitiFirst Instalment MINIs with that of the underlying Betashares Global Quality Leaders ETF (ASX:QLTY). Both share a record date of 2 July 2026, reflecting the pass-through distribution mechanism of the Instalment MINI structure. This design ensures holders receive distributions corresponding to those paid by the underlying ETF.

This synchronization means that eligibility for the MINI distribution is determined by the same cut-off as the ETF. Investors holding QLTJOA or QLTJOB at market close on 2 July 2026 will be registered to receive the declared distribution. This linkage ensures that the economic exposure of MINI holders aligns closely with the income events of the underlying ETF.

Ex-Distribution Trading Begins 1 July 2026 for QLTJOA and QLTJOB

The update confirms that QLTY CitiFirst Instalment MINIs started trading ex-distribution on 1 July 2026, coinciding with the Betashares Global Quality Leaders ETF’s ex-distribution date. From this date forward, purchases of QLTJOA or QLTJOB will not include entitlement to the AUD 1.02875663 distribution.

For investors monitoring the product prior to distribution, 1 July 2026 marked the cut-off for acquiring units with distribution rights. This follows standard ASX market conventions for securities and structured products. Market Participants trading these MINIs after this date should be aware that the upcoming distribution will not apply to new purchases.

Distribution Payment Expected on or Around 16 July 2026

The Trustee will facilitate payment of the distribution to eligible QLTY CitiFirst Instalment MINI holders on or about 16 July 2026. The company update specifies that payment will be made "as reasonably practicable" in alignment with receipt of funds from the underlying ETF’s distribution. This indicates the payment timing depends on the underlying ETF’s settlement process.

Holders as of the 2 July 2026 record date should anticipate receiving the AUD 1.02875663 unfranked distribution around 16 July 2026. The phrase "as reasonably practicable" is a standard legal qualifier, acknowledging potential minor timing variations. No alternative payment dates were provided.

Citigroup Global Markets Australia’s Role as Issuer

Citigroup Global Markets Australia Pty Limited, licensed under AFSL number 240992 and ABN 64 003 114 832, issued this update through its Derivatives Department, signed by Paul Kedwell, Warrants and Structured Products Manager. The firm participates in both the ASX Group and Cboe Australia and is a major issuer of listed structured products in Australia. The CitiFirst suite includes MINIs, SFIs, Trading Warrants, Turbos, and Instalments, covering a diverse range of underlying assets.

As issuer, Citigroup administers the distribution process on behalf of MINI holders, ensuring income from the underlying ETF is passed through promptly and transparently. This company update fulfills disclosure requirements for structured product issuance in Australia by detailing the distribution amount, record date, ex-distribution date, and expected payment date.

Implications of Betashares Global Quality Leaders ETF Distribution for MINI Holders

The Betashares Global Quality Leaders ETF (ASX:QLTY) underpins the QLTJOA and QLTJOB CitiFirst Instalment MINIs. This ETF invests in global equities selected for quality and periodically distributes income to unitholders. The MINI structure is designed to pass these distributions through to holders in alignment with the ETF’s distribution events. The declared AUD 1.02875663 per unit reflects income generated at the ETF level now flowing through the MINI structure.

For MINI holders, returns include both capital movements in the underlying ETF and periodic distributions. The unfranked nature of the distribution reflects the ETF’s income composition and is passed through unchanged. Investors seeking detailed breakdowns of the ETF’s income types should consult Betashares’ communications regarding the QLTY ETF distribution for this period.

Mechanics of CitiFirst Instalment MINIs Tracking Underlying ETF Income

CitiFirst Instalment MINIs are leveraged structured products providing exposure to an underlying security or fund with only an upfront instalment payment. The remaining balance, termed the Loan component, is embedded in the product. A key feature is that distributions from the underlying asset are generally passed through to MINI holders, subject to Trustee-administered trust mechanics.

When the Betashares Global Quality Leaders ETF declares a distribution, holders of QLTJOA and QLTJOB receive corresponding payments after the Trustee receives funds. The aligned record and ex-distribution dates ensure timing and economic effects closely mirror the underlying ETF’s distribution. Public information did not clarify any immediate share price impact following this announcement.

Summary of Key Dates for QLTJOA and QLTJOB Distribution

The update confirms a three-date sequence for the distribution: 1 July 2026 is the ex-distribution date, after which purchases do not carry distribution rights; 2 July 2026 is the record date for determining eligible holders; and 16 July 2026 is the expected payment date when the Trustee will distribute funds.

These dates correspond with those of the Betashares Global Quality Leaders ETF. Investors with questions about the impact on holdings, tax implications, or account records should consult brokers, financial advisers, or product disclosure documents. No additional guidance beyond these dates and the distribution amount was provided.

Investor Guidance Through July 2026

With the ex-distribution date passed and the record date set, the next important milestone for eligible QLTY CitiFirst Instalment MINI holders is confirmation of payment around 16 July 2026. Investors should check brokerage or Custodian records to confirm receipt of the AUD 1.02875663 unfranked distribution. Delays beyond this date would likely trigger further communications from the Trustee or Citigroup Global Markets Australia.

Beyond this distribution, investors may wish to stay informed about future distribution cycles for both the MINIs and the underlying ETF, as distribution amounts and timing can vary based on fund income. The company did not provide guidance on future distributions in this update. For comprehensive information, investors should review the CitiFirst product disclosure statement and Betashares QLTY ETF materials.