Quay Global Real Estate Fund Announces DRP Price of $3.9588 for June 2026 Half-Year Distribution

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

Bennelong Funds Management Ltd has officially confirmed the DRP issue price for the Quay Global Real Estate Fund (Unhedged) Active ETF at $3.9588 per unit, applicable to the distribution for the half-year ending 30 June 2026. This price will be used to issue new units to unitholders who elected to participate in the DRP instead of receiving cash distributions.

The announcement was lodged with the Australian Securities Exchange on 2 July 2026, coinciding with the DRP processing date. This timing aligns with the previously communicated distribution schedule, confirming that the fund has followed its planned timeline. For DRP participants, the $3.9588 price determines the number of additional units allocated in lieu of cash payments.

Understanding the Distribution Reinvestment Plan for QGRU Investors

The Distribution Reinvestment Plan enables eligible unitholders to automatically reinvest some or all of their distribution entitlements into additional fund units rather than receiving cash. The DRP issue price is generally set close to the prevailing Market Price of the units, though the exact method for determining this price varies by fund and is governed by the fund’s governing documents and DRP terms.

For QGRU, the confirmed DRP price of $3.9588 means participating unitholders will receive additional units calculated by dividing their cash distribution entitlement by this price. Unitholders not participating in the DRP will receive their distributions in cash, following the fund’s standard process. The company did not disclose the total distribution value reinvested or the aggregate number of new units issued under the DRP in this update.

Half-Year Ending 30 June 2026 and DRP Processing Schedule

The distribution pertains to the half-year period ended 30 June 2026, a common reporting interval for Australian managed funds and ETFs. The DRP was processed on 2 July 2026, the first Business day of the new half-year, consistent with typical fund management practices to ensure timely distribution settlement at period-end.

The confirmation that the DRP was processed according to the previously announced timetable signals operational reliability to investors and Market Participants monitoring the fund’s distribution cycle. Unitholders should expect DRP-related unit allocations to appear from 2 July 2026, subject to normal settlement and registry procedures. The update did not specify the fund’s unit registry provider.

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 its operation, administration, distribution management, DRP execution, and compliance with Australian financial services regulations. The announcement was signed by Scott Lillingston in his capacity as Company Secretary.

Bennelong is an established Australian fund manager offering various actively managed strategies across asset classes. The Quay Global Real Estate Fund is sub-advised by Quay Global Investors, a specialist in global real estate Investment management. The ETF’s unhedged structure exposes investors to foreign currency fluctuations, as the fund’s global listed real estate holdings are not currency-hedged to the Australian dollar. This factor is important for unitholders assessing the fund’s total return over the half-year.

Impact of the Unhedged Structure on QGRU’s Distribution and Unit Price

As an unhedged fund, QGRU’s unit price and distributions are influenced by movements in the Australian dollar relative to the currencies of the countries where the fund’s underlying real estate securities are listed. A stronger Australian dollar reduces the value of foreign-denominated Assets when converted back to AUD, and vice versa. This currency exposure introduces additional variability to distributions and returns compared to hedged funds.

The DRP issue price of $3.9588 reflects the unit price at the time of calculation, incorporating the effects of currency fluctuations over the half-year. Comparing this price to historical DRP prices or the fund’s net asset value per unit at different times can provide insights into global real estate valuations and currency impacts. The fund’s net asset value per unit as of 30 June 2026 was not disclosed in this announcement.

Global Listed Real Estate Market Environment for the June 2026 Distribution

The Quay Global Real Estate Fund invests in listed real estate securities worldwide, linking its performance to the condition of international property markets and the global listed real estate investment trust (REIT) sector. The half-year to 30 June 2026 occurred amid shifting Interest Rate expectations in major economies, a key factor influencing valuations of listed real estate companies and REITs globally.

Investors may be monitoring how changes in Monetary Policy in the US, Europe, and other major markets affected the portfolio during this period. Specific portfolio composition or performance attribution details were not provided in this update but are typically available in the fund’s half-year or annual reports and monthly updates published by Bennelong Funds Management. Unitholders seeking comprehensive performance information should consult those materials when released.

DRP Participation Versus Cash Distribution for QGRU Investors

Unitholders participating in the DRP will have their distribution entitlements converted into additional units at the $3.9588 price, which may benefit investors aiming to compound their holdings in global listed real estate without incurring Transaction Costs associated with on-market purchases. The DRP offers automatic reinvestment at a set price, eliminating the need for manual reinvestment.

Those not participating received cash distributions, providing Liquidity for other uses. The choice between DRP participation and Cash Receipt depends on individual financial circumstances, including income requirements, tax considerations, and investment goals. The proportion of unitholders participating in the DRP or the total value of units issued was not disclosed.

Upcoming Events and Considerations for QGRU Investors

Following the processing of the June 2026 half-year DRP, the next significant event for QGRU investors will be the release of the fund’s half-year financial results and commentary from Quay Global Investors. These reports typically provide detailed insights into portfolio performance, distribution sustainability, and outlook for global listed real estate.

Investors should also watch for the next distribution announcement covering the period starting 1 July 2026. Any updates to distribution levels, DRP terms, or fund strategy will be communicated through formal ASX releases. This DRP pricing confirmation is an administrative update and does not represent a material change to the fund’s strategy or holdings. Unitholders are advised to consult financial advisers for personalized advice regarding DRP participation.