Distribution Reinvestment Plan
AEU introduced a Distribution Reinvestment Plan (DRP) in
December 2003. This plan has subsequently been suspended
indefinitely with effect from 17 December
2004.
The DRP is a convenient way for investors to increase their
holding in the Trust by reinvesting all or some of the
distributions in additional Trust units. By participating in the
DRP investors will not incur and brokerage, commission or stamp
duty.
Units under the DRP will be issued at a discount of 2.5% to the
market price. The market price is calculated as the volume weighted
average sale price for the Trust's units for the first five days
trading following the end of the half year period.
The DRP is not available to unitholders outside Australia and
New Zealand.
Participation in the DRP is entirely optional. Investors may
elect to:
- Participate fully in the DRP and all of
your distribution will be reinvested into new Trust
units;
- Participate partially in the DRP and the
distribution on a specified number or percentage of the units will
be reinvested in new Trust units. The distribution on the remaining
units will be paid as a cash distribution; or
- Not participate in the DRP and continue to
receive cash distributions.
Austock Property Management Limited, as the responsible entity
of the Australian Education Trust, intends to reintroduce the DRP
at an appropriate time in the future. Investors will be advised in
advance prior to its re-introduction so that you can refresh your
DRP election.
Upon the re-introduction of the DRP, if you wish to participate,
please contact the unit registry Registries Limited to obtain a
printed copy of the Distribution Reinvestment Plan and the relevant
form.
Registries Limited
Email: registries@registries.com.au
or Website: www.registries.com.au
A summary of the unit prices for units issued in the past under
the DRP is as follows:
|
Period Ended |
Date Issued |
VWAP 5 Day Price |
Discount |
Participation Price |
| 30 June 2004 |
12 July 2004 |
$1.2648 |
2.5% |
$1.2332 |
| 31 Dec 2003 |
27 Feb 2004 |
$1.3512 |
2.5% |
$1.3174 |
|