Citigroup Global Markets Australia Declares AUD 1.20164574 Distribution for HNDQ CitiFirst Instalment MINIs with Record Date on 2 July 2026

HNDQ CitiFirst Instalment MINIs Announce AUD 1.20164574 Unfranked Distribution

Citigroup Global Markets Australia Pty Limited, as issuer, has declared a distribution of AUD 1.20164574 per unit for holders of the HNDQ CitiFirst Instalment MINIs, listed on the Australian Securities Exchange under the codes HNDJOA and HNDJOB. The distribution is unfranked, indicating no franking credits will be attached for Australian tax purposes.

The announcement, signed by Paul Kedwell, Warrants and Structured Products Manager at Citigroup Global Markets Australia, specifies the key dates governing entitlement and payment. Investors must be registered holders by the record date of 2 July 2026 to qualify for the distribution. This update constitutes the final Warrant report related to this distribution event for the HNDQ CitiFirst Instalment MINIs.

Synchronization of HNDQ Distribution Record Date with Betashares Nasdaq 100 Currency Hedged ETF

The declared distribution’s record date of 2 July 2026 is intentionally aligned with the Betashares Nasdaq 100 Currency Hedged ETF’s record date, reflecting the structural connection between the instalment MINIs and the underlying ETF. This alignment ensures that distribution timing corresponds with the underlying asset’s payout schedule.

As the HNDQ CitiFirst Instalment MINIs reference the Betashares Nasdaq 100 Currency Hedged ETF, distributions from the ETF pass through to MINI holders via the trust structure managed by the Trustee. This pass-through mechanism ties the MINI distribution timing directly to the underlying ETF’s distribution schedule.

Ex-Distribution Date of 1 July 2026: Implications for HNDJOA and HNDJOB Investors

The HNDQ CitiFirst Instalment MINIs began trading ex-distribution on 1 July 2026, coinciding with the ex-distribution date for the Betashares Nasdaq 100 Currency Hedged ETF. Buyers acquiring HNDJOA and HNDJOB units on or after this date are not entitled to the declared distribution. Only holders registered before the ex-distribution date and recorded as of 2 July 2026 will receive the distribution.

For traders, the ex-distribution date is critical: transactions settling on or after 1 July 2026 do not confer entitlement to the AUD 1.20164574 distribution. Investors holding positions prior to this date and registered at the record date will be eligible for payment expected on 16 July 2026.

Expected Distribution Payment Date of 16 July 2026 Dependent on Underlying ETF Receipt

The Trustee intends to distribute payments to eligible HNDQ CitiFirst Instalment MINI holders on or around 16 July 2026, aligning with the receipt of the underlying distribution from the Betashares Nasdaq 100 Currency Hedged ETF. The payment date depends on Citigroup, acting as Trustee, receiving the relevant funds.

The phrase "as reasonably practicable" in the company update indicates that while 16 July 2026 is the target, payment timing depends on the timely receipt of funds from the underlying ETF. Investors should consider this when setting expectations and monitor further communications from Citigroup Global Markets Australia for payment confirmation.

Overview of CitiFirst Instalment MINIs and the HNDQ Structure

CitiFirst Instalment MINIs are exchange-traded structured products issued by Citigroup Global Markets Australia Pty Limited, offering leveraged or instalment-based exposure to an underlying asset — here, the Betashares Nasdaq 100 Currency Hedged ETF. These products allow investors to pay in instalments while receiving economic benefits, including distributions, akin to direct holders of the ETF units.

The HNDQ series specifically references the Betashares Nasdaq 100 Currency Hedged ETF, which provides exposure to the Nasdaq-100 index with currency hedging to mitigate AUD/USD exchange rate fluctuations for Australian investors. For holders of HNDJOA and HNDJOB, the unfranked AUD 1.20164574 distribution is a significant component of total returns.

Citigroup Global Markets Australia's Issuer Role and Trust Structure for Payments

Citigroup Global Markets Australia Pty Limited, holding Australian Financial Services Licence (AFSL 240992) and participating in ASX Group and Cboe Australia, manages the lifecycle of HNDQ CitiFirst Instalment MINIs, including distribution declarations and payments to registered holders.

The Trustee administers the distribution process by passing through funds received from the Betashares Nasdaq 100 Currency Hedged ETF to eligible MINI holders. This trust structure is standard for instalment MINIs and highlights the layered nature of these products affecting timing and certainty of income payments.

Tax Considerations Regarding the Unfranked AUD 1.20164574 Distribution

The declared distribution is unfranked, meaning Australian resident investors will receive no franking credits, and the full amount is assessable income without tax offsets from corporate tax paid at the company level. This reflects the underlying ETF’s income source from US-listed Nasdaq-100 companies, which are outside the Australian Dividend Imputation system.

Tax treatment of instalment MINI distributions can be complex and vary based on individual circumstances, including residency and distribution composition. The company update does not provide tax advice; investors should seek independent guidance to understand how the AUD 1.20164574 unfranked distribution applies to their situation.

Distribution Applies to Both ASX Codes HNDJOA and HNDJOB

The distribution announcement covers two ASX-listed codes—HNDJOA and HNDJOB—both part of the HNDQ CitiFirst Instalment MINIs series issued by Citigroup Global Markets Australia. Both follow the same record date, ex-distribution date, and expected payment date as detailed in the update. Specific differences in leverage, instalment amounts, or Loan-to-value ratios between the two series were not disclosed.

Holders should consult the relevant product disclosure statements or term sheets for full details on each series’ structure and distribution calculations. The update signed by Paul Kedwell confirms consistent distribution mechanics across both HNDJOA and HNDJOB for this event.

Summary of Important Dates for HNDQ CitiFirst Instalment MINI Investors

The company update highlights three key dates: the ex-distribution date of 1 July 2026, when the MINIs began trading without distribution rights; the record date of 2 July 2026, determining entitlement to the AUD 1.20164574 unfranked distribution; and the expected payment date of 16 July 2026, when the Trustee plans to distribute payments to eligible holders.

These dates align with those of the Betashares Nasdaq 100 Currency Hedged ETF, reflecting the structural link between the instalment MINIs and the underlying ETF. Investors uncertain about entitlements or payment timing should consult their brokers or product documentation. Public information did not clarify the immediate share price impact on HNDJOA and HNDJOB, though ex-distribution pricing adjustments typically occur at market open on the ex-distribution date.

Post-Distribution Considerations for HNDQ Instalment MINI Holders

After the 2 July 2026 record date, investors should watch for payment confirmation around 16 July 2026. Monitoring brokerage accounts and official updates from Citigroup Global Markets Australia is advised to ensure receipt of the AUD 1.20164574 distribution. Any delays or changes will likely be communicated through further ASX announcements.

Additionally, holders of HNDJOA and HNDJOB should continue tracking the Betashares Nasdaq 100 Currency Hedged ETF’s performance, as it drives capital and income returns for these structured products. Factors such as Nasdaq-100 Index movements, AUD/USD exchange rate fluctuations, and ETF distribution policy changes may affect future distributions. The company did not provide forward guidance on future distribution amounts or frequency in this update.