Firetrail Alpha Plus Fund (ASX: FIRE) Announces Final Distribution of $0.36848924 Per Unit for June 2026

Firetrail Alpha Plus Fund Announces $0.36848924 Per Unit Final Distribution for June 2026

Pinnacle Fund Services Limited, acting as the responsible entity for Firetrail Alpha Plus Fund – Complex ETF (ASX:FIRE), confirmed in a company update dated 3 July 2026 that the final distribution for the period ending 30 June 2026 is $0.36848924 per unit. This amount represents the total distribution payable to unitholders and includes multiple income and capital gain components detailed in the fund’s tax component schedule.

This distribution covers the entire 2025–2026 financial year and is the final payment announced for that period. Unitholders are advised that the tax components listed are estimates only and should not be used for income tax return purposes. A detailed annual AMMA tax statement will be issued after the financial year ends, providing the definitive breakdown of distribution components.

Detailed Breakdown of Australian Source Income in the FIRE Distribution

The tax schedule shows Australian source income as a component of the per-unit distribution. Interest income amounts to $0.00701244 per unit, while other Australian sourced income contributes $0.03681022 per unit. Amounts excluded from the Non-Commercial Mortgage Interest (NCMI) category total $0.00011909 per unit, with NCMI itself at $0.00002933 per unit.

Conduit foreign income, representing foreign source income passing through an Australian entity, is reported at $0.01357387 per unit. Clean building MIT income adds $0.00006113 per unit. These figures collectively reflect the diversified income streams generated by the fund’s portfolio during the financial year, consistent with its active management strategy across Australian and international markets.

Franked and Unfranked Dividends and Related Tax Offsets

Within Australian source income, the distribution includes franked dividends of $0.04024967 per unit, accompanied by franking credits of $0.03181746 per unit. These franking credits are significant for Australian resident individual unitholders as they may offset tax payable on the grossed-up dividend income. Unfranked dividends contribute $0.00231297 per unit.

Additionally, Trans-Tasman imputation credits of $0.00144843 per unit are included as tax offsets. These relate to dividends from New Zealand companies with attached imputation credits, potentially recognised by Australian investors under relevant tax laws. Unitholders are encouraged to obtain independent tax advice regarding these components, as treatment varies by individual circumstances.

Capital Gains Distribution: TAP and NTAP Components

Capital gains form a major part of the distribution. The schedule differentiates between Trust Attribution Member (TAP) and Non-Trust Attribution Member (NTAP) capital gains under both discounted and other methods. TAP capital gains under the other method total $0.00000640 per unit, with TAP discounted method gains at $0.00039926 per unit.

NTAP capital gains are substantially larger: $0.07444265 per unit under the discounted method and $0.10803823 per unit under the other method. Combined, NTAP capital gains total approximately $0.18248088 per unit, making them the largest contributor to the overall distribution. Tax treatment varies depending on the method applied, with the annual AMMA statement providing authoritative figures for tax returns.

Non-Assessable Income and CGT Concession Amounts Included

The distribution also includes non-assessable income components. The CGT concession amount, representing discounts on eligible capital gains generally excluded from assessable income, is $0.07484191 per unit. Other non-assessable amounts total $0.00838869 per unit. These figures are important as they do not constitute taxable income but may affect the cost base of units for capital gains tax purposes.

Non-assessable distributions reduce a unitholder’s cost base over time, potentially increasing capital gains or reducing capital losses upon future unit disposals. These figures are estimates, with final confirmed amounts to be included in the annual AMMA tax statement issued after the financial year’s end.

Foreign Source Income and Foreign Tax Offset Credits

Foreign income is declared at $0.00220338 per unit, with an associated foreign income tax offset of $0.00159496 per unit. These amounts represent income earned from international investments within the fund’s portfolio during the financial year. The foreign tax offset may allow unitholders to reduce Australian tax liabilities on this income, subject to Australian tax law limits.

Though foreign income and offsets are smaller compared to other distribution components, they align with the fund’s profile as a complex ETF investing across Australian and global equities and assets. Unitholders should retain the AMMA statement for accurate tax reporting once issued.

Distribution Reinvestment Plan: Automatic Reinvestment for Those Without Cash Election

The company update highlights the Distribution Reinvestment Plan (DRP) provisions. Unitholders who did not elect to receive cash by 5pm on 3 July 2026 will have their distributions automatically reinvested per the DRP Rules, which are available on the Firetrail website. Investors seeking details on reinvestment pricing and timing should consult these rules.

This automatic reinvestment means unitholders without a cash election will receive additional units instead of cash payments. This may benefit investors wanting to compound their holdings without separate transactions. Those needing cash distributions, such as self-managed super funds or individuals relying on income, should ensure their cash election status is confirmed before future deadlines.

Direct Credit Payment Method and Registry Instructions for FIRE Unitholders

The update confirms FIRE now uses direct crediting for distribution payments, offering a more secure and convenient method. Unitholders electing cash distributions must ensure their Australian bank account details are registered with the unit registry before the Record Date to avoid payment delays.

Unitholders who have not joined the DRP and have not provided bank details will have their payments held until valid instructions are received. This is relevant for investors who recently changed accounts or have not updated their details. The company advises submitting payment instructions to the registry before the Record Date for timely receipt.

Annual AMMA Tax Statement to Replace Estimated Tax Components

Pinnacle Fund Services Limited emphasizes that all tax component figures disclosed are estimates and should not be relied upon for income tax returns. This aligns with standard managed investment trust practice, where final tax components may change after year-end calculations and audits.

The definitive tax figures will be provided in the annual AMMA (Attribution Managed Investment Trust Member Annual) tax statement issued after the financial year ends. Unitholders and their tax advisers should await this statement before lodging returns that include FIRE distributions. The AMMA statement will detail final attributed income, capital gains, tax offsets, and non-assessable amounts per unit, superseding current estimates.

Post-Distribution Considerations for Firetrail Alpha Plus Fund Investors

The immediate impact of this distribution announcement on the fund’s unit price was not evident at publication. Typically, ETF unit prices adjust around the ex-distribution date to reflect net asset distribution. Investors acquiring units near the ex-date should consider this when evaluating returns.

Key upcoming events for FIRE unitholders include the release of the annual AMMA tax statement with confirmed tax components and any future distribution announcements for the 2026–2027 financial year. Investors monitoring performance, income, and capital gains will find the AMMA statement valuable for understanding how portfolio positioning translated into taxable and non-taxable outcomes for the year ended 30 June 2026. For inquiries about holdings, DRP participation, or payment instructions, unitholders should contact the unit registry directly.