Pengana Global Private Credit Trust (PCX) Announces AUD 0.013 Monthly Distribution per Unit for July 2026

Pengana Global Private Credit Trust’s Monthly Distribution Strategy

Operating as a managed investment trust, Pengana Global Private Credit Trust focuses on private credit assets and provides unitholders with regular monthly income distributions. This approach aligns with the trust’s objective to offer consistent cash flow and reinvestment opportunities, reflecting the performance of its underlying portfolio. The monthly distribution model differentiates PCX as an income-oriented investment vehicle within the managed funds sector.

By maintaining a monthly payout schedule, the trust enables investors to benefit from steady returns generated by its private credit holdings, enhancing cash flow predictability throughout the year.

Distribution Details and Unfranked Status of AUD 0.013 Per Unit

The declared distribution of AUD 0.013 per ordinary unit for July 2026 is entirely unfranked, with no franking credits attached. This indicates the trust did not hold franking credits to allocate for this payment, resulting in no franking benefits for Australian taxpayers. Such unfranked distributions are common for trusts investing in private credit markets where returns typically do not generate Australian franking credits.

The announcement provides unitholders with detailed tax component information for accurate reporting, including estimated interest income, assessable foreign source income, and tax-deferred amounts, facilitating compliance with Australian tax regulations.

Tax Components Breakdown for Accurate Investor Reporting

According to the update, the distribution’s estimated tax components per unit are as follows: AUD 0.000780 as interest income, AUD 0.009750 as assessable foreign source income, and AUD 0.002470 as tax-deferred amounts. These components assist investors in correctly classifying income on their tax returns.

This transparency supports both retail and institutional unitholders in understanding the tax implications of their distributions. Additional tax component details are available through the trust’s official communication channels.

Critical Dates: Ex-Distribution on 3 August and Record Date on 4 August 2026

The ex-distribution date is set for 3 August 2026, marking the cutoff for entitlement to the upcoming distribution. Purchasers of PCX units on or after this date will not receive the August distribution. The record date on 4 August 2026 finalizes the register of unitholders eligible for payment.

Payments of AUD 0.013 per unit will be processed on 18 August 2026, allowing for standard administrative and banking procedures.

Dividend Reinvestment Plan (DRP) Participation and Election Deadline

Eligible unitholders can opt to reinvest their distributions into additional PCX units via the DRP instead of receiving cash. This plan enables compounding returns without incurring transaction fees or requiring new capital.

The deadline to submit DRP election notices is 17:00 on Wednesday, 5 August 2026. The DRP price will be calculated based on the ex-distribution NAV as of 31 July 2026, ensuring reinvestment at a fair market value. Eligible participants include unitholders with registered addresses in Australia or New Zealand.

DRP Pricing Methodology and Unit Issuance

The DRP price is derived from the ex-distribution NAV at the close of 31 July 2026. The trust has not disclosed any discount or premium applied to this price. Units issued under the DRP will rank equally with existing PCX units from the issue date. There are no minimum or maximum limits on DRP participation, providing flexibility to all unitholders.

Full DRP terms and conditions are accessible on the Pengana website.

Regulatory Compliance and Approval Status

No security holder, court, ASIC, ACCC, or FIRB approvals are required for this distribution. The monthly payout complies with the trust’s constitution and regulatory framework, with disclosure made under ASX Appendix 3A.1 continuous disclosure requirements.

The distribution will be paid in Australian dollars, consistent with the trust’s primary currency and registry location.

Tax Treatment and Withholding Considerations for Unitholders

The fully unfranked distribution carries no franking credits to offset tax liabilities. The tax components facilitate unitholders’ calculation of taxable income and capital gains adjustments. Interest and foreign income components are taxable, while tax-deferred amounts reduce the cost base for capital gains purposes.

Detailed tax statements will be provided to assist with annual tax filings. Australian residents should note that foreign source income may have distinct tax treatments, and non-resident unitholders could be subject to withholding taxes, though no specific rates were disclosed.

Strategic Importance of Monthly Distributions for Income Investors

Pengana Global Private Credit Trust’s monthly distribution schedule aligns with its strategy to attract income-focused investors seeking regular cash flow. The trust’s private credit investments typically generate steady interest income and fees, supporting consistent payouts.

The unfranked nature of distributions reflects the trust’s exposure to private credit assets, including international opportunities that do not produce Australian franking credits. The AUD 0.013 monthly distribution provides a benchmark for investors assessing yield and income stability relative to other income investments.

Upcoming Dates and Investor Actions

Key dates include the ex-distribution date on 3 August 2026, record date on 4 August 2026, and the DRP election deadline at 17:00 on 5 August 2026. Unitholders should submit DRP elections timely to ensure participation or confirm cash payment preferences. Updating banking details with the registry is advised to ensure smooth payment processing on 18 August 2026.

Investors should retain all distribution and tax documentation for record-keeping and tax reporting. The next monthly distribution announcement is expected in September 2026 following a similar schedule.