If you are wondering what happened to Nikko AM STI ETF’s 2014 scheduled dividend distribution dates (previously in May and October), you have come to the right place. For year 2014 onwards, their semi-annual dividend distribution dates have been amended to January and July.
In their latest prospectus (see Clause 11.4) –
Distributions, if any, will be determined by the Manager. Currently, it is the Manager’s intention to make distributions to Holders semi-annually around January and July of each year. The Manager will decide whether a distribution is to be made based on various factors, including dividend and/or interest income and/or capital gains derived from the investments of the Fund. Distributions will only be paid to the extent that they are covered by income received from underlying investments of the Fund and are available for distribution.
The amendment is a result of internal synchronisation of distribution payments for funds managed by Nikko AM Asia, and the next distribution payout (at the discretion of the Managers) is expected to be in July 2014.
Nikko AM STI ETF Prospectus (dated 28 April 2014 ) :