Citigroup Global Markets Announces AUD 0.33902884 Unfranked Distribution for F100 CitiFirst Instalment MINIs with 2 July 2026 Record Date

Unfranked Distribution of AUD 0.33902884 Announced for F100 CitiFirst Instalment MINIs

Citigroup Global Markets Australia Pty Limited, issuer of the F100 CitiFirst Instalment MINIs (ASX codes F10JOC and F10JOD), has officially declared an unfranked distribution amounting to AUD 0.33902884 per unit. This announcement, dated 1 July 2026 and signed by Paul Kedwell, Warrants and Structured Products Manager, details the key dates for entitlement and expected payment to holders of these structured products.

The distribution is unfranked, indicating that no Australian franking credits accompany the payment. Investors should consider this factor in their tax planning, as unfranked distributions do not provide the same tax offset advantages as franked dividends. Those uncertain about the tax implications are advised to seek independent financial or tax advice tailored to their individual situations.

Distribution Dates for F100 CitiFirst Instalment MINIs Correspond with Betashares FTSE 100 ETF

This distribution notably aligns with the Betashares FTSE 100 ETF’s timeline. Citigroup has confirmed that the ex-distribution date of 1 July 2026 and the record date of 2 July 2026 for the F100 CitiFirst Instalment MINIs coincide exactly with those of the underlying ETF. This alignment reflects the derivative nature of the Instalment MINIs, which reference the Betashares FTSE 100 ETF.

As the Trustee, Citigroup has structured the distribution timetable to closely follow the ETF’s entitlement and payment schedule. Income generated by the Betashares FTSE 100 ETF during the relevant period is passed through to eligible MINI holders, contingent on the trustee receiving the funds from the underlying investment on the anticipated dates.

Implications of the 1 July 2026 Ex-Distribution Date for MINI Investors

The ex-distribution date on 1 July 2026 serves as the cutoff for distribution eligibility. Investors holding units of F10JOC or F10JOD before trading begins on this date will qualify for the AUD 0.33902884 unfranked distribution. Purchases made on or after the ex-distribution date will not be entitled to this payment.

This timing is standard for exchange-listed warrants and structured products. Prospective investors entering the market after the ex-distribution date should note that future distribution entitlements will depend on subsequent announcements from Citigroup. No information regarding the timing or amount of future distributions was provided in this release.

Record Date of 2 July 2026 Determines Eligible MINI Holders

The record date of 2 July 2026 is when the register of MINI holders will be reviewed to establish entitlement to the declared distribution. Those registered as holders at the close of Business on this date will be eligible to receive the AUD 0.33902884 unfranked distribution, provided the trustee obtains the corresponding payment from the Betashares FTSE 100 ETF.

This record date follows the ex-distribution date by one business day, consistent with ASX settlement conventions for exchange-listed products. Investors should confirm their holdings and settlement status with their broker or Custodian to ensure entitlement is correctly recorded.

Distribution Payment Expected on 16 July 2026

Citigroup has indicated that the Trustee will arrange payment of the distribution to F100 CitiFirst Instalment MINI holders as soon as reasonably practicable following receipt of funds from the underlying company, with 16 July 2026 noted as the anticipated payment date. The phrase "as reasonably practicable" acknowledges potential variability depending on when the trustee receives the distribution from the Betashares FTSE 100 ETF.

This payment process reflects the Instalment MINIs’ structure, which intermediates between investors and the underlying asset. The trustee receives income from the ETF and subsequently distributes it to MINI holders. Any delay in upstream payment from the ETF could influence the timing of downstream payments to investors, though 16 July 2026 remains the expected date.

Overview of CitiFirst Instalment MINIs and Their Exposure to the FTSE 100

CitiFirst Instalment MINIs are structured investment products issued by Citigroup Global Markets Australia, providing leveraged or instalment-based exposure to an underlying asset—in this case, the Betashares FTSE 100 ETF. The ETF tracks the FTSE 100 Index, which comprises the 100 largest companies listed on the London Stock Exchange. This structure offers Australian investors access to UK-listed equities through an ASX-listed vehicle.

As derivative instruments, Instalment MINIs carry different risk characteristics compared to direct ETF ownership, including leverage that can cause the MINI’s value to fluctuate more significantly relative to the underlying ETF. Income distributions, such as the one announced, represent one return mechanism alongside potential capital gains or depreciation. Investors should review the product disclosure statement carefully and seek professional advice before investing.

Paul Kedwell and Citigroup’s Warrants and Structured Products Team’s Role

The announcement was signed by Paul Kedwell, Warrants and Structured Products Manager at Citigroup Global Markets Australia Pty Limited. His team manages lifecycle events for Citigroup’s range of exchange-listed structured products in Australia, including MINIs, SFIs, trading warrants, turbos, and instalments, all referenced at the end of the update.

Citigroup Global Markets Australia holds an Australian Financial Services Licence (AFSL 240992) and participates in both the ASX Group and Cboe Australia. As issuer and trustee of the F100 CitiFirst Instalment MINIs, the company is responsible for ensuring distribution events comply with product terms and regulatory requirements governing structured products listed in Australia.

Context of CitiFirst MINI Distribution Events on the ASX

Distribution events like this are routine for Instalment MINI products, representing the flow-through of income from the underlying ETF to MINI holders. The unfranked nature of the distribution aligns with the Betashares FTSE 100 ETF’s income sources from UK equities, where Australian franking credits do not apply.

Investors monitoring distribution events will find this update confirms the per-unit amount and the key dates—ex-distribution, record, and payment—as well as the expected payment process. While the immediate impact on MINI share prices was not publicly available at publication, derivative products typically adjust in value when going ex-distribution, consistent with the underlying ETF’s treatment.

What Holders of F10JOC and F10JOD Should Watch Before 16 July 2026

The next important milestone for holders of F10JOC and F10JOD is the receipt of the AUD 0.33902884 unfranked distribution on or around 16 July 2026. Investors should monitor their brokerage accounts to confirm the payment has been credited by their custodian or platform. If payment is not received by this date or shortly thereafter, investors should contact their broker or Citigroup for clarification.

Looking ahead, investors should remain alert for any further updates from Citigroup regarding F10JOC and F10JOD, including changes to instalment loan balances, stop loss levels, or future distribution events. This announcement does not disclose any additional product changes or upcoming events beyond the current distribution details.