Quay Global Real Estate Fund Announces DRP Price at $3.9588 for June 2026 Distribution

DRP Issue Price of $3.9588 Confirmed for QGRU Half-Year Distribution Ending 30 June 2026

Bennelong Funds Management Ltd has confirmed the Distribution Reinvestment Plan issue price for the Quay Global Real Estate Fund (Unhedged) Active ETF at $3.9588 per unit. This price applies to unitholders who opted to participate in the DRP for the distribution declared for the half-year period ended 30 June 2026. The issue price determines the number of new units allocated to participating investors instead of a cash distribution.

The announcement, lodged with the ASX on 2 July 2026, follows the fund’s distribution declaration made on the same day. Confirming the DRP issue price finalizes a crucial step in the distribution process, giving unitholders precise pricing details for reinvestment. For investors managing tax or portfolio cost bases, the $3.9588 price represents the Acquisition cost for units issued through the DRP.

Understanding QGRU’s Distribution Reinvestment Plan

The Distribution Reinvestment Plan allows eligible unitholders to automatically reinvest their cash distributions into additional fund units rather than receiving cash payments. For QGRU, the DRP issue price of $3.9588 determines the number of new units each participating unitholder receives by dividing their distribution amount by this price. This process helps investors grow their holdings without paying brokerage fees typically incurred when buying units on the Secondary Market.

Participation in the DRP is optional. Only unitholders who elected to join the DRP will have their distributions reinvested at the $3.9588 price. Those who did not elect to participate will receive their distributions in cash as usual. The announcement did not disclose the total value of distributions reinvested under the DRP.

Bennelong Funds Management’s Role as Responsible Entity for QGRU

Bennelong Funds Management Ltd serves as the responsible entity for the Quay Global Real Estate Fund (Unhedged) Active ETF, overseeing the fund’s operation and administration in compliance with its constitution and Australian financial services regulations. Responsibilities include managing distributions, administering reinvestment plans, and ensuring compliance with ASX Listing Rules.

The company update was signed by Scott Lillingston, Company Secretary of Bennelong Funds Management Ltd. This responsible entity structure is standard for Australian managed Investment schemes and active ETFs on the ASX. No changes to the management or responsible entity arrangements were reported in this announcement.

DRP Processing Completed on 2 July 2026

The DRP was processed on 2 July 2026, consistent with the previously published timetable. This date marks when participating unitholders’ distribution entitlements were converted into new units at the $3.9588 issue price. Maintaining the announced schedule provides certainty for investors managing their portfolios and records.

The DRP processing and distribution announcement both occurred on 2 July 2026, reflecting an efficient administrative process for the June 2026 half-year distribution. Investors should expect standard registry processing times before new units appear in their holdings or brokerage accounts. The announcement did not specify the number of new units to be issued under the DRP.

Insights from the $3.9588 DRP Issue Price on QGRU’s Unit Valuation

The DRP issue price of $3.9588 per unit offers a benchmark for investors to gauge the fund’s approximate unit value at distribution time. Typically, DRP prices are based on the Volume-weighted average price (VWAP) or net asset value (NAV) over a period around the distribution date, though Bennelong Funds Management did not specify the exact calculation method for QGRU in this update.

Investors should note that the DRP issue price may differ from the market trading price of QGRU units on any given day and does not represent a formal valuation. Further details on the pricing methodology or calculation period were not disclosed. Unitholders seeking more information should consult the fund’s constitution or contact Bennelong Funds Management.

QGRU’s Investment Focus as an Unhedged Active Global Real Estate ETF

The Quay Global Real Estate Fund (Unhedged) Active ETF offers exposure to global real estate securities. Being unhedged, returns for Australian investors are influenced by foreign currency fluctuations against the Australian dollar, which can increase or decrease returns compared to a currency-hedged fund. The fund is actively managed, with portfolio decisions made by an investment team rather than passively tracking an index.

“Quay” refers to Quay Global Investors, the specialist global real estate manager behind the fund’s strategy. The fund typically invests in listed real estate investment trusts (REITs) and real estate operating companies across regions such as North America, Europe, and Asia-Pacific. This announcement did not include any portfolio, performance, or asset allocation updates.

Half-Year Distribution Schedule and Implications for QGRU Investors

The mention of the “half-year ended 30 June 2026” confirms QGRU’s semi-annual distribution schedule, covering the six months through June. Such a cycle is common for Australian active ETFs and managed funds, providing periodic income while allowing structured cash flow and portfolio management. Income-focused investors would have been anticipating this distribution or reinvestment following the June period close.

This half-year distribution is part of the fund’s full-year cycle, with a corresponding December distribution expected later in 2026. The announcement did not disclose the per-unit distribution amount for June 2026; investors should refer to the separate distribution announcement also lodged on 2 July 2026 for that information.

Investor Guidance Following the DRP Issue Price Announcement

For investors participating in the QGRU DRP, the confirmed $3.9588 issue price enables calculation of additional units received and establishes the acquisition cost for Capital Gains Tax purposes. In Australia, units acquired through a DRP are generally treated as purchased at the issue price, which forms the cost base for future tax calculations. Investors should consult tax advisors for advice tailored to their circumstances.

For other observers, the DRP processing marks a routine but important milestone completing the June 2026 half-year distribution cycle. The immediate impact on share price was not disclosed. Investors may watch for further updates from Bennelong Funds Management on portfolio activity, half-year performance, or distribution policy changes.

Next Steps for QGRU Unitholders After DRP Processing on 2 July 2026

After the DRP processing on 2 July 2026, participating unitholders can expect confirmation of their new unit allotments via their registry or broker accounts. The new units will be reflected in holdings once registry administration is complete. Unitholders with questions about their allotments or eligibility should contact the fund’s unit registry or Bennelong Funds Management directly.

The next key events for QGRU investors include updates on the half-year portfolio performance ending 30 June 2026 and announcements of future distribution schedules. Investors may also monitor commentary from Quay Global Investors on global listed real estate market conditions, given the fund’s international real estate focus and sensitivity of this Asset Class to global Interest Rate movements.