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AGP Investment Management Limited has officially set the Distribution Reinvestment Plan (DRP) price for the Muzinich BDC Income Fund (ASX:BDCI) at $19.8293 per unit for the distribution period ending 30 June 2026. The distribution payment to unitholders is scheduled for 21 July 2026, with the DRP price based on the fund’s net asset value per unit on an ex-distribution basis. Although the deadline to participate in the June 2026 DRP has passed, the manager has provided guidance for unitholders interested in enrolling for future distributions. Investors in this active ETF may consider the reinvestment option when managing ongoing income from the fund.<\/p> <\/div>
Key Points<\/h3>
- Fund: Muzinich BDC Income Fund – Active ETF (ASX:BDCI), managed by AGP Investment Management Limited<\/li>
- DRP price confirmed at $19.8293 per unit for distribution period ending 30 June 2026<\/li>
- Distribution payment date set for 21 July 2026<\/li>
- June 2026 DRP election deadline has closed; future elections available via MUFG Investor Centre portal<\/li>
- Units issued through the DRP incur no brokerage, commission, stamp duty, or transaction fees<\/li>
- Unitholders should monitor upcoming distribution announcements and DRP deadlines to participate in reinvestment options<\/li>
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DRP Price of $19.8293 Confirmed for June 2026 Distribution Period<\/h2>
AGP Investment Management Limited, responsible entity for the Muzinich BDC Income Fund Active ETF traded on the ASX under ticker BDCI, has confirmed the DRP price for the June 2026 distribution period at $19.8293 per unit. This price reflects the fund’s net asset value per unit calculated on an ex-distribution basis as of 30 June 2026.<\/p>
This confirmation follows the initial announcement on 26 June 2026 regarding the upcoming distribution. The latest update on 6 July 2026 specifies the DRP price applicable to unitholders who elected to participate before the deadline. Using net asset value rather than market price for DRP pricing is standard for active ETFs, ensuring units are issued at fair value.<\/p>
Distribution Payment Scheduled for 21 July 2026<\/h2>
Unitholders eligible for the June 2026 distribution will receive payment on 21 July 2026. Those who elected to participate in the DRP before the deadline will have their distributions reinvested to acquire additional units at the confirmed DRP price of $19.8293 per unit.<\/p>
The fund’s monthly distribution schedule aligns with its income-focused strategy, aiming to provide ongoing income exposure. The exact dollar distribution amount per unit for June 2026 was not disclosed in this update; investors should refer to the 26 June 2026 announcement or contact AGP Investment Management Limited for details.<\/p>
June 2026 DRP Election Deadline Closed – Impact on Unitholders<\/h2>
AGP Investment Management Limited confirmed the June 2026 DRP election deadline has passed. Unitholders who missed the deadline will receive their distribution as a cash payment on 21 July 2026 rather than reinvested units.<\/p>
For those who participated, distributions will be reinvested at $19.8293 per unit. Any residual amounts insufficient to purchase whole units will be carried forward for future DRP allotments, ensuring no distribution value is lost. This carry-forward feature is standard and designed to optimize reinvestment efficiency over time.<\/p>
Enrolling in Future DRP Distributions<\/h2>
Unitholders wishing to join future DRP cycles can do so through the MUFG Investor Centre online portal. They should log in, select "AGPL – AGP INVESTMENT MANAGEMENT LIMITED" as issuer, then choose BDCI as the fund.<\/p>
Next, navigate to 'Payments & Tax', then 'Reinvestment Plans', and select 'Create Instructions' for BDCI. Unitholders can opt for 'Full Participation' to reinvest all distributions or 'Partial Participation' to reinvest a portion while receiving the remainder in cash. AGP Investment Management Limited advises consulting a financial adviser before changing participation status.<\/p>
No Fees on Units Issued Under the DRP<\/h2>
The company update highlights that units issued under the DRP are free from brokerage, commissions, stamp duty, and other transaction costs. This feature makes reinvestment a cost-effective way for unitholders to grow their investment, especially compared to manual reinvestment through market purchases which incur fees.<\/p>
Units issued via the DRP rank equally with existing units from the issue date, granting participants the same rights as all other unitholders. This ensures no dilution of rights and aligns with standard practices for managed funds and ETFs in Australia.<\/p>
DRP Pricing Based on Net Asset Value Per Unit<\/h2>
The DRP price of $19.8293 per unit is based on the fund’s net asset value per unit, calculated ex-distribution as of 30 June 2026. Using NAV for DRP pricing is common among active ETFs and unlisted managed funds, reflecting the underlying portfolio value rather than market price fluctuations.<\/p>
This method offers transparency and predictability for unitholders regarding the number of units received for reinvested distributions. The ex-distribution basis ensures the NAV reflects the fund’s value after distribution deduction, which is appropriate for issuing new units.<\/p>
AGP Investment Management’s Role as Responsible Entity<\/h2>
AGP Investment Management Limited, holding AFSL 312 247, serves as the responsible entity and manager of the Muzinich BDC Income Fund Active ETF. The company operates from Level 12, 2 Chifley Square, Sydney, under Associate Global Partners Limited. The update was signed by Company Secretary Sushma Kejriwal.<\/p>
The fund’s name references Muzinich & Co, a specialist global credit asset manager, indicating a credit-focused investment strategy. However, this update did not detail the fund’s portfolio composition or underlying exposures, focusing solely on DRP pricing and participation instructions.<\/p>
Investor Support and Contact Information<\/h2>
AGP Investment Management Limited encourages unitholders with questions about the DRP or distributions to contact Associate Global Partners Limited at 1300 052 054 or [email protected]. The update includes a standard disclaimer stating the information is not investment, financial product, legal, or taxation advice and does not consider individual circumstances.<\/p>
Unitholders unsure about the DRP’s suitability are advised to seek independent financial advice before making or changing their election.<\/p>
Upcoming Distribution Cycles to Watch<\/h2>
With the fund’s monthly distribution schedule, the next key date for unitholders will be the announcement of the distribution for the period ending 31 July 2026, along with the related DRP election deadline and price confirmation. To participate, unitholders should submit their DRP election via the MUFG Investor Centre portal well before the deadline, as demonstrated by the closure of the June 2026 window.<\/p>
This DRP price confirmation is primarily administrative and unlikely to impact the share price immediately. However, income-focused investors may use the NAV-based DRP price of $19.8293 as a benchmark when comparing the fund’s unit valuation to its market price. Future announcements on distribution amounts, changes to distribution rates, or updates to the investment mandate will likely attract greater investor attention.<\/p>
DRP Price of $19.8293 Confirmed for June 2026 Distribution Period<\/h2>
AGP Investment Management Limited, responsible entity for the Muzinich BDC Income Fund Active ETF traded on the ASX under ticker BDCI, has confirmed the DRP price for the June 2026 distribution period at $19.8293 per unit. This price reflects the fund’s net asset value per unit calculated on an ex-distribution basis as of 30 June 2026.<\/p>
This confirmation follows the initial announcement on 26 June 2026 regarding the upcoming distribution. The latest update on 6 July 2026 specifies the DRP price applicable to unitholders who elected to participate before the deadline. Using net asset value rather than market price for DRP pricing is standard for active ETFs, ensuring units are issued at fair value.<\/p>
Distribution Payment Scheduled for 21 July 2026<\/h2>
Unitholders eligible for the June 2026 distribution will receive payment on 21 July 2026. Those who elected to participate in the DRP before the deadline will have their distributions reinvested to acquire additional units at the confirmed DRP price of $19.8293 per unit.<\/p>
The fund’s monthly distribution schedule aligns with its income-focused strategy, aiming to provide ongoing income exposure. The exact dollar distribution amount per unit for June 2026 was not disclosed in this update; investors should refer to the 26 June 2026 announcement or contact AGP Investment Management Limited for details.<\/p>
June 2026 DRP Election Deadline Closed – Impact on Unitholders<\/h2>
AGP Investment Management Limited confirmed the June 2026 DRP election deadline has passed. Unitholders who missed the deadline will receive their distribution as a cash payment on 21 July 2026 rather than reinvested units.<\/p>
For those who participated, distributions will be reinvested at $19.8293 per unit. Any residual amounts insufficient to purchase whole units will be carried forward for future DRP allotments, ensuring no distribution value is lost. This carry-forward feature is standard and designed to optimize reinvestment efficiency over time.<\/p>
Enrolling in Future DRP Distributions<\/h2>
Unitholders wishing to join future DRP cycles can do so through the MUFG Investor Centre online portal. They should log in, select "AGPL – AGP INVESTMENT MANAGEMENT LIMITED" as issuer, then choose BDCI as the fund.<\/p>
Next, navigate to 'Payments & Tax', then 'Reinvestment Plans', and select 'Create Instructions' for BDCI. Unitholders can opt for 'Full Participation' to reinvest all distributions or 'Partial Participation' to reinvest a portion while receiving the remainder in cash. AGP Investment Management Limited advises consulting a financial adviser before changing participation status.<\/p>
No Fees on Units Issued Under the DRP<\/h2>
The company update highlights that units issued under the DRP are free from brokerage, commissions, stamp duty, and other transaction costs. This feature makes reinvestment a cost-effective way for unitholders to grow their investment, especially compared to manual reinvestment through market purchases which incur fees.<\/p>
Units issued via the DRP rank equally with existing units from the issue date, granting participants the same rights as all other unitholders. This ensures no dilution of rights and aligns with standard practices for managed funds and ETFs in Australia.<\/p>
DRP Pricing Based on Net Asset Value Per Unit<\/h2>
The DRP price of $19.8293 per unit is based on the fund’s net asset value per unit, calculated ex-distribution as of 30 June 2026. Using NAV for DRP pricing is common among active ETFs and unlisted managed funds, reflecting the underlying portfolio value rather than market price fluctuations.<\/p>
This method offers transparency and predictability for unitholders regarding the number of units received for reinvested distributions. The ex-distribution basis ensures the NAV reflects the fund’s value after distribution deduction, which is appropriate for issuing new units.<\/p>
AGP Investment Management’s Role as Responsible Entity<\/h2>
AGP Investment Management Limited, holding AFSL 312 247, serves as the responsible entity and manager of the Muzinich BDC Income Fund Active ETF. The company operates from Level 12, 2 Chifley Square, Sydney, under Associate Global Partners Limited. The update was signed by Company Secretary Sushma Kejriwal.<\/p>
The fund’s name references Muzinich & Co, a specialist global credit asset manager, indicating a credit-focused investment strategy. However, this update did not detail the fund’s portfolio composition or underlying exposures, focusing solely on DRP pricing and participation instructions.<\/p>
Investor Support and Contact Information<\/h2>
AGP Investment Management Limited encourages unitholders with questions about the DRP or distributions to contact Associate Global Partners Limited at 1300 052 054 or [email protected]. The update includes a standard disclaimer stating the information is not investment, financial product, legal, or taxation advice and does not consider individual circumstances.<\/p>
Unitholders unsure about the DRP’s suitability are advised to seek independent financial advice before making or changing their election.<\/p>
Upcoming Distribution Cycles to Watch<\/h2>
With the fund’s monthly distribution schedule, the next key date for unitholders will be the announcement of the distribution for the period ending 31 July 2026, along with the related DRP election deadline and price confirmation. To participate, unitholders should submit their DRP election via the MUFG Investor Centre portal well before the deadline, as demonstrated by the closure of the June 2026 window.<\/p>
This DRP price confirmation is primarily administrative and unlikely to impact the share price immediately. However, income-focused investors may use the NAV-based DRP price of $19.8293 as a benchmark when comparing the fund’s unit valuation to its market price. Future announcements on distribution amounts, changes to distribution rates, or updates to the investment mandate will likely attract greater investor attention.<\/p>
