Sandon Capital Investments Revises Dividend Reinvestment Plan Price for July 2026 Payout

Sandon Capital's Monthly Dividend Distribution Strategy and Shareholder Access

Sandon Capital Investments Limited operates as an investment company delivering consistent income to ASX shareholders through a structured monthly dividend program. Each dividend payment corresponds to a one-month reporting period, providing shareholders with steady cash flow or reinvestment options. The current fully franked dividend of AUD 0.00470000 per ordinary share covers the period ending 31 July 2026, underscoring the company’s commitment to regular shareholder returns.

The dividend process includes key dates that help shareholders make informed investment decisions. The ex-date on 13 July 2026 determined dividend eligibility, followed by the record date on 14 July 2026, which finalized the list of entitled shareholders. The payment date of 31 July 2026 is when dividends will be distributed. This clear schedule facilitates efficient shareholder register management and transparent communication regarding dividend entitlements.

Full Franking and Tax Benefits of the AUD 0.00470000 Monthly Dividend

The monthly dividend is fully franked at 100%, indicating Sandon Capital has paid corporate tax on the earnings distributed. The applicable corporate tax rate for franking credits is 25%, consistent with the current Australian company tax rate. This full franking allows eligible shareholders, especially those in lower tax brackets or tax-exempt entities, to benefit from attached franking credits. The entire dividend amount carries franking credits, with no unfranked portion or conduit foreign income, ensuring tax transparency.

Full franking enhances after-tax returns for Australian resident shareholders who may offset tax liabilities with credits. Institutional and foreign investors may experience different tax treatments. Sandon Capital’s uniform franking status simplifies tax planning and reduces administrative complexity in dividend reporting.

Revised Dividend Reinvestment Plan Price Set at AUD 0.69860 Following July Trading

On 17 July 2026, Sandon Capital updated the DRP price to AUD 0.69860 per share, replacing the prior figure. This final price is based on the volume-weighted average price (VWAP) of SNC shares traded on the ASX from 13 to 16 July 2026. The VWAP methodology ensures the DRP price fairly reflects market activity at the time of reinvestment.

The DRP price is offered without any discount, meaning shareholders reinvesting dividends receive shares at the prevailing market price during the calculation period. Unlike some companies that offer DRP discounts, Sandon Capital’s zero-discount policy means reinvestment shares are issued at full market value. These DRP shares, issued on 31 July 2026, will rank equally with existing fully paid ordinary shares from the issue date.

Shareholder DRP Election Deadline of 15 July 2026 and Participation Details

Shareholders had until 17:00 on Wednesday, 15 July 2026, to lodge DRP election notices with the share registry. Those who did not submit an election were defaulted to cash dividend payments instead of reinvestment. This process allows shareholders to choose between cash income or share reinvestment based on their investment preferences.

The DRP is accessible without minimum or maximum participation limits, enabling shareholders of all sizes to reinvest dividends fully or partially. Detailed DRP plan documentation is available on Sandon Capital’s website at https://sandoncapital.com.au/sandon-capital-investments-limited/, ensuring transparency around terms and eligibility.

Record Date of 14 July 2026 and Ex-Date Mechanics for Dividend Qualification

The record date of 14 July 2026 determined shareholders entitled to the dividend, with the ex-date on 13 July 2026 marking the first day shares traded without dividend rights. Investors purchasing shares on or after 13 July 2026 were ineligible for this dividend. This standard ASX timing framework clarifies entitlement and supports orderly dividend processing.

Shareholders holding shares before the ex-date and through the record date qualified for the distribution. The payment date of 31 July 2026 allows approximately two weeks for processing dividend payments and DRP share issuance.

Sandon Capital's Investment Company Model and Monthly Dividend Approach

Sandon Capital Investments Limited, trading as SNC on the ASX, manages an investment portfolio and distributes income monthly to shareholders. This monthly dividend frequency offers more regular income and reinvestment opportunities compared to typical quarterly or semi-annual distributions by other listed investment companies. The frequent dividend schedule enables responsive income distribution aligned with portfolio earnings and shareholder engagement.

The DRP complements Sandon Capital’s shareholder strategy by enabling automatic reinvestment of dividends into shares. Offering both cash and reinvestment options caters to diverse investor needs, from income-focused to growth-oriented shareholders. The transparent DRP pricing and absence of participation thresholds encourage broad shareholder involvement.

Reason for Update and Distribution Notification Process

This update clarifies the DRP price component from the original 3 July 2026 dividend announcement. The revision pertains to Part 4A.6 of Appendix 3A.1, related to the DRP price calculation. The initial announcement likely contained a provisional DRP price pending final VWAP calculation through 16 July 2026. Issuing this update ensures shareholders have accurate, finalized information for their DRP elections.

The update’s timing on 17 July 2026, after the 15 July election deadline, means shareholders made DRP decisions without the final price, relying on estimates. This reflects the practical need to complete the VWAP calculation period before finalizing the DRP price. The update confirms the exact share allocations for reinvesting shareholders.

Approvals and Regulatory Context for the Dividend Distribution

Sandon Capital confirmed no external approvals were necessary for this dividend, with no requirements for security holder, court, ASIC, ACCC, or FIRB approvals. This streamlined process reflects the routine nature of monthly dividends for an established listed investment company with an existing DRP framework. The distribution complies with the company’s constitutional and regulatory rules, with DRP terms accessible on the company website.

The dividend is paid in Australian dollars (AUD), consistent with Sandon Capital’s domestic listing and shareholder base. The absence of alternative currency arrangements simplifies distribution logistics and ensures consistent value delivery.

Distribution Timeline and Share Issuance Under the DRP

The July 2026 dividend timeline includes the ex-date on 13 July, record date on 14 July, DRP calculation period from 13 to 16 July, DRP election deadline at 17:00 on 15 July, and payment date on 31 July. This schedule supports efficient processing and clear communication with shareholders.

DRP shares will be issued on 31 July 2026 at the calculated price of AUD 0.69860, ranking pari passu with existing shares. This efficient monthly cycle allows Sandon Capital to maintain consistent dividend payments and reinvestment options without delays, aligning with shareholder cash flow and portfolio management needs.