AFI Dividend Details

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Announcement Summary
Entity name
AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED
Security on which the Distribution will be paid
AFI - ORDINARY FULLY PAID
Announcement Type
New announcement
Date of this announcement
Monday July 22, 2019
Distribution Amount
AUD 0.14000000
Ex Date
Tuesday August 6, 2019
Record Date
Wednesday August 7, 2019
Payment Date
Thursday August 29, 2019
DRP election date
Thursday August 8, 2019 17:00:00
Additional Information
Additional information required by NZX:
Total monies associated with dividend: AUD 168,020,777.26
Inputation tax credits per share: NZ 3 cents of the final dividend will carry a New Zealand imputation credit.
Refer to below for full details of the announcement
Announcement Details
Part 1 - Entity and announcement details
1.1 Name of +Entity
AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED
1.2 Registered Number Type
ABN
Registration Number
56004147120
1.3 ASX issuer code
AFI
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1.4 The announcement is
New announcement
1.5 Date of this announcement
Monday July 22, 2019
1.6 ASX +Security Code
AFI
ASX +Security Description
ORDINARY FULLY PAID
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
Ordinary
2A.2 The Dividend/distribution:
relates to a period of six months
2A.3 The dividend/distribution relates to the financial reporting or payment period ending
ended/ending (date)
Sunday June 30, 2019
2A.4 +Record Date
Wednesday August 7, 2019
2A.5 Ex Date
Tuesday August 6, 2019
2A.6 Payment Date
Thursday August 29, 2019
2A.7 Are any of the below approvals required for the dividend/distribution before business day 0
of the timetable?
Security holder approval
Court approval
Lodgement of court order with +ASIC
ACCC approval
FIRB approval
Another approval/condition external to the entity required before business day 0 of the
timetable for the dividend/distribution.
No
2A.8 Currency in which the dividend/distribution is made ("primary currency")
AUD - Australian Dollar
2A.9 Total dividend/distribution payment amount
per +security (in primary currency) for all
dividends/distributions notified in this form
AUD 0.14000000

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2A.10 Does the entity have arrangements
relating to the currency in which the
dividend/distribution is paid to securityholders
that it wishes to disclose to the market?
Yes
2A.11 Does the entity have a securities plan for
dividends/distributions on this +security?
We have a Dividend/Distribution Reinvestment
Plan (DRP)
We have a Bonus +Security Plan or equivalent
(BSP)
2A.11a If the +entity has a DRP, is the DRP
applicable to this dividend/distribution?
Yes
2A.11a(i) DRP Status in respect of this
dividend/distribution
Full DRP
2A.11b If the +entity has a BSP, is the BSP
applicable to this dividend/distribution?
Yes
2A.11b(i) BSP status in respect of this
dividend/distribution
Full BSP offered
2A.12 Does the +entity have tax component
information apart from franking?
Yes
Part 2B - Currency Information
2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes
such as the banking instruction or registered address of the +securityholder? (For example NZD
to residents of New Zealand and/or USD to residents of the U.S.A.).
Yes
2B.2 Please provide a description of your currency arrangements
Shareholders resident in New Zealand default to receiving a dividend converted to NZD.
Shareholders resident in Great Britain, Isle of Man, Guernsey or Jersey will default to receiving a dividend
converted to GBP.
All other shareholders default to receiving an AUD dividend.
Other shareholders will be paid in AUD, NZD or GBP if they have provided an AU, NZ or GB financial institution
account details.
2B.2a Other currency/currencies in which the dividend/distribution will be paid:
NZD - New Zealand DollarNZD
GBP - Pound SterlingGBP
2B.2b Please provide the exchange rates used for non-primary currency payments
2B.2c If payment currency equivalent and
exchange rates not known, date for information
to be released
Tuesday August 13, 2019
Estimated or Actual?
Actual

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2B.3 Can the securityholder choose to receive a currency different to the currency they would
receive under the default arrangements?
Yes
2B.3a Please describe what choices are available to a securityholder to receive a currency different
to the currency they would receive under the default arrangements
Shareholders who provide the share registry with AU, NZ or GB financial institution account details will receive a
dividend in AU or converted to NZD or GBP respectively, regardless of residency.
2B.3b Date and time by which any document or communication relating to the above arrangements
must be received in order to be effective for this dividend/distribution
Thursday August 8, 2019 17:00:00
2B.3c Please provide, or indicate where relevant forms can be obtained and how and where they
must be lodged
From and with the Company's share registry, Computershare Investor Services:
Tel (Aus): 1300 662 270 or +61 3 9415 4373
Tel (NZ): 0800 333 501
Internet: www.investorcentre.com
Part 3A - Ordinary dividend/distribution
3A.1 Is the ordinary dividend/distribution
estimated at this time?
No
3A.1a Ordinary dividend/distribution estimated
amount per +security
AUD
3A.1b Ordinary Dividend/distribution amount per
security
AUD 0.14000000
3A.2 Is the ordinary dividend/distribution
franked?
Yes
3A.2a Is the ordinary dividend/distribution fully
franked?
Yes
3A.3 Percentage of ordinary
dividend/distribution that is franked
100.0000 %
3A.3a Applicable corporate tax rate for franking
credit (%)
30.0000 %
3A.4 Ordinary dividend/distribution franked
amount per +security
AUD 0.14000000
3A.5 Percentage amount of dividend which is
unfranked
0.0000 %
3A.6 Ordinary dividend/distribution unfranked
amount per +security excluding conduit foreign
income amount
AUD 0.00000000
3A.7 Ordinary dividend/distribution conduit
foreign income amount per security
AUD 0.00000000

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Part 3E - Other - distribution components / tax
3E.1 Please indicate where and when information about tax components can be obtained (you may
enter a url).
5 cents of the final dividend are sourced from capital gains, on which the Company has paid or will pay tax. The
amount of the pre-tax attributable gain, known as an LIC capital gain, is therefore 7.14 cents. This will enable some
shareholder to claim a tax deduction. NZ 3 cents of the final dividend will have a NZ imputation credit attached.
Further details will be on the dividend statements.
Part 4A - +Dividend reinvestment plan (DRP)
4A.1 What is the default option if +security holders do not indicate whether they want to
participate in the DRP?
Do not participate in DRP (i.e. cash payment)
4A.2 Last date and time for lodgement of
election notices to share registry under DRP
Thursday August 8, 2019 17:00:00
4A.3 DRP discount rate
0.0000 %
4A.4 Period of calculation of reinvestment price
Start Date
Tuesday August 6, 2019
End Date
Monday August 12, 2019
4A.5 DRP price calculation methodology
The price will be set at the Volume Weighted Average Price of AFI shares traded on the
ASX and Chi X automated trading systems over the five trading days after the shares trade ex dividend.
4A.6 DRP Price (including any discount):
AUD
4A.7 DRP +securities +issue date
Thursday August 29, 2019
4A.8 Will DRP +securities be a new issue?
Yes
4A.8a Do DRP +securities rank pari passu from
+issue date?
Yes
4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?
No
4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?
No
4A.11 Are there any other conditions applying to DRP participation?
Yes
4A.11a Conditions for DRP participation
Eligibility requirements as set out in Rule 1 of the DRP Rules (link below).
4A.12 Link to a copy of the DRP plan rules
https://assets.afi.com.au/documents/AFIC-DRP-Rules.pdf

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4A.13 Further information about the DRP
Part 4B - Bonus +security plan or equivalent (BSP)
4B.1 What is the default option if +security holders do not indicate whether they want to
participate in the BSP?
Do not participate in BSP (i.e. cash payment)
4B.2 Last date and time for lodgement of
election notices to share registry under BSP
Thursday August 8, 2019 17:00:00
4B.3 BSP discount rate
0.0000 %
4B.4 Period of calculation of BSP price
Start Date
Tuesday August 6, 2019
End Date
Monday August 12, 2019
4B.5 BSP price calculation methodology
The price will be set at the Volume Weighted Average Price of AFI shares traded on the ASX and Chi X automated
trading systems over the five trading days after the shares trade ex dividend.
4B.6 BSP Price
AUD
4B.7 BSP +securities +issue date
Thursday August 29, 2019
4B.8 Will BSP +securities be a new issue?
Yes
4B.8a Do BSP +securities rank pari passu from
+issue date?
Yes
4B.9 Is there a minimum dollar amount or number of +securities required for BSP participation?
No
4B.10 Is there a maximum dollar amount or number of +securities required for BSP participation?
No
4B.11 Are there any other conditions applying to BSP participation?
Yes
4B.11a Conditions for BSP participation
Eligibility requirements as set out in Rule 1 of the Dividend Substitution Plan rules (see link below)
4B.12 Link to a copy of the BSP plan rules
https://assets.afi.com.au/documents/AFIC-DSSP-Rules.pdf
4B.13 Further information about the BSP
Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution

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5.2 Additional information for inclusion in the Announcement Summary
Additional information required by NZX:
Total monies associated with dividend: AUD 168,020,777.26
Inputation tax credits per share: NZ 3 cents of the final dividend will carry a New Zealand imputation credit.