Distribution reinvestment plan

Dexus Convenience Retail REIT (DXC) has established a Distribution Reinvestment Plan (DRP) which, when in operation, provides security holders with a convenient method of reinvesting all or part of their distributions to obtain additional securities in DXC, without having to pay the cost of brokerage. 

The DRP is not active for the March 2025 quarter distribution.

DRP Overview

Participation in the DRP is optional, but the registered address of your security holding must be in Australia or New Zealand. There is currently no minimum or maximum number of securities required for participation.

Benefits of security holders participating in the DRP include:

• Distributions may be reinvested to receive additional securities without paying brokerage or other transaction costs.
• A discount to the trading price may be received on securities acquired under the DRP (at the discretion of Directors)

The Directors have the discretion to determine whether a discount will apply in respect of a particular distribution and, if so, the level of discount (subject to a maximum discount specified in the DRP rules of 10%). 

Positive cash balances on DRP accounts are carried forward and applied to the next distribution paid by the DXC. 

Eligible security holders may elect to participate in the DRP in respect of all or part of their holding and, subject to the terms of the DRP, may vary their level of participation or withdraw from the DRP at any time.

DRP Participation

The DRP Terms and Conditions provides the rules governing the plan, whereas the Q&A booklet provides answers to frequently asked questions relating to the DRP. If you wish to participate in the DRP, you may either:

• Complete the DRP Election Form and forward it to:
  Locked Bag A14
  Sydney South NSW 1235 Australia 

• Or, if the market value of our holding is less than $50,000, you can complete the DRP Election Form electronically by logging into your holding on the MUFG Corporate Markets Investor Centre website

•  Further assistance is available by telephoning the Registry on +61 1800 819 675 or email dexus@cm.mpms.mufg.com. Separate Election Forms are required for each registered holding.

   

Dexus Convenience Retail REIT recommends security holders read the DRP rules carefully before determining whether or not to participate in the DRP.

Periodic statements

Periodic Statement information as at 30 June 2024

Dexus Convenience Retail REIT, in compliance with the Corporations Act and Corporations Regulations, is required to send a Periodic Statement to all security holders who are on the register at 30 June of each year.

Periodic Statements provide information including the opening and closing balances of your investment, changes to your investment, management costs (including fees charged), the return on investment, as well as changes in circumstances that may affect your investment.

Fees and costs

Fees and costs are not charged directly to Dexus Convenience Retail REIT security holders, however they represent fees and costs incurred by Dexus Convenience Retail REIT security holders recognised by Dexus Convenience Retail REIT  as an expense in its Income Statement for the period.

They include costs such as registry, custody, accounting, other administrative costs and transactional costs. They do not include costs that would be incurred if an investor invested directly into Dexus's assets (e.g. development or property management fees).

Additional information regarding Dexus's financial and operational performance (including in relation to applicable investment objectives) is available in Dexus Convenience Retail REIT's financial statements for the financial year ended 30 June 2024. Attribution Managed Investment Trust Annual Member Statements (tax statements) are mailed each year in August. If you have not received your tax statement, please login to your security holding to download your tax statement or contact us using the details below. Dexus Asset Management Limited is a member of the Australian Financial Complaints Authority (AFCA), an independent dispute resolution service.