Lowell Resources Fund Revises Dividend Reinvestment Price Ahead of July 2026 Payout

Distribution Overview and Payment Schedule for FY 2026

Lowell Resources Fund has confirmed details for its ordinary distribution relating to the year ending 30 June 2026. The dividend is estimated at AUD 0.14320000 per ordinary fully paid unit, with an ex-date of 30 June 2026 and a record date of 1 July 2026. Payment is scheduled for 31 July 2026, providing unit holders with a clear timeline for receipt of funds or reinvested units.

The distribution amount remains provisional and subject to finalisation on 31 July 2026. Factors such as realised capital gains or losses from the underlying natural resources portfolio may affect the final dividend amount. This disclosure ensures transparency regarding potential fluctuations in the distribution based on portfolio performance.

Unfranked Dividend Characteristics

The declared dividend is entirely unfranked, meaning the AUD 0.14320000 per unit distribution carries no franking credits. Unit holders will receive the payment as ordinary income without tax offsets from company tax paid at the fund level. This tax treatment is significant for Australian resident investors, particularly those in lower tax brackets or seeking franked income.

Investors should consider the unfranked nature of the distribution in their tax planning and consult financial or tax advisors to understand the implications on their personal tax liabilities.

Dividend Reinvestment Plan Pricing and Participation Details

Lowell Resources Fund offers a full dividend reinvestment plan allowing eligible unit holders to reinvest distributions into additional ordinary units. The DRP price is set at AUD 2.01 per unit, reflecting a 10% discount off the five-day VWAP from 1 July to 7 July 2026. This discounted pricing encourages participation by providing units at a reduced rate.

Unit holders wishing to participate must lodge DRP election notices with the share registry by 17:00 on 2 July 2026. New DRP units will be issued on 31 July 2026, concurrently with cash payments to non-participating holders. DRP units will rank equally with existing units from the issue date. Cremorne Capital provides detailed DRP terms and conditions for unit holders to review.

Fund Structure and Default DRP Election Policy

The fund’s default position is non-participation in the DRP, meaning unit holders must actively elect to reinvest their dividends. The election deadline of 2 July 2026 provides sufficient time for processing before the record date.

There are no minimum or maximum participation thresholds, allowing all eligible unit holders to join the DRP without restrictions. Comprehensive DRP documentation is accessible via Cremorne Capital’s resources for investor reference.

Revision to Prior Announcement and DRP Price Adjustment

This update supersedes the earlier 2 July 2026 release by revising the DRP pricing calculation. The reinvestment price of AUD 2.01 per unit is based on the updated five-day VWAP period from 1 to 7 July 2026. Such recalculations are standard practice to incorporate the most recent market data.

Unit holders who have already submitted DRP elections should verify whether this pricing update impacts their reinvestment decisions or expected unit allocations. The fund’s transparency in updating pricing reflects its commitment to clear communication and accurate capital management.

Investment Fund Overview and Natural Resources Exposure

Lowell Resources Fund (ARSN 093363896), listed on the ASX under ticker LRT, is managed by Cremorne Capital and provides investors with exposure to natural resources sector assets. The fund pools capital from multiple investors to invest in a diversified portfolio of resources-related holdings.

Distribution capacity depends on realised gains, income, and portfolio performance, which are influenced by commodity prices and market conditions. The fund’s disclosure about potential distribution variability highlights the inherent risks of investing in natural resources assets.

Currency, Regulatory Approvals, and Settlement Process

All distributions are paid in Australian dollars (AUD), eliminating currency risk for domestic investors. No external approvals from security holders, courts, ASIC, ACCC, FIRB, or other bodies are required to proceed with this distribution, allowing timely execution.

Unit holders will receive cash if not participating in the DRP or newly issued units at AUD 2.01 per unit on 31 July 2026. The ex-date of 30 June 2026 and record date of 1 July 2026 define entitlement and settlement logistics.

Portfolio Valuation Sensitivity and Distribution Guidance

The estimated dividend of AUD 0.14320000 per unit may vary due to capital gains or losses realised in the portfolio. This caveat is important for investors to understand that the distribution amount is a forecast, not a guarantee, and subject to market-driven changes.

Investors should monitor commodity markets and fund updates closely, as these factors directly impact the fund’s income and distribution potential.

Important Dates and Actions for Unit Holders

Key dates include the ex-date on 30 June 2026, record date on 1 July 2026, and DRP election deadline at 17:00 on 2 July 2026. Unit holders must submit DRP elections by the deadline to participate in reinvestment at the discounted price.

Distribution payments and DRP unit issuances will occur on 31 July 2026, with the final dividend amount announced the same day. Unit holders seeking assistance with registry details, DRP elections, or tax implications should contact Cremorne Capital or their financial advisors promptly.