AFIC Dividend Information – DRP/DSSP Price and FX rates

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Update Summary
Entity name
AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED
Security on which the Distribution will be paid
AFI - ORDINARY FULLY PAID
Announcement Type
Update to previous announcement
Date of this announcement
18/8/2023
Reason for the Update
Updated sections 2B.2a and 2B.2b with the foreign currency exchange rates applicable to the final dividend. Updated
section 4A.6 and 4B.6 with the Dividend Reinvestment Plan and Dividend Substitution Share Plan issue price for the final
dividend.
Refer to below for full details of the announcement

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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
1.4 The announcement is
1.4a Reason for update to a previous announcement
Updated sections 2B.2a and 2B.2b with the foreign currency exchange rates applicable to the final dividend. Updated
section 4A.6 and 4B.6 with the Dividend Reinvestment Plan and Dividend Substitution Share Plan issue price for the final
dividend.
1.4b Date of previous announcement(s) to this update
26/7/2023
1.5 Date of this announcement
18/8/2023
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
2A.2 The Dividend/distribution:
relates to a period of six months
Ordinary
Update/amendment to previous announcement

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2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)
30/6/2023
2A.4 +Record Date
14/8/2023
2A.5 Ex Date
11/8/2023
2A.6 Payment Date
1/9/2023
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.
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
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?
2A.11 Does the entity have a securities plan for
dividends/distributions on this +security?
2A.11a If the +entity has a DRP, is the DRP applicable to
this dividend/distribution?
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?
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
Yes
Yes
We have a Bonus +Security Plan or equivalent (BSP)We have a Bonus +Security Plan or equivalent (BSP)
We have a Dividend/Distribution Reinvestment Plan (DRP)
Yes
No

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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.).
2B.2 Please provide a description of your currency arrangements
Shareholders resident in New Zealand default to having 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:
CurrencyPayment currency equivalent amount per security
NZD - New Zealand DollarNZD 0.14953400
GBP - Pound SterlingGBP 0.06953800
2B.2b Please provide the exchange rates used for non-primary currency payments
AUD 1:00 GBP 0.4967
AUD 1:00 NZD 1.0681
2B.2c If payment currency equivalent and exchange
rates not known, date for information to be released
18/8/2023
Estimated or Actual?
2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the
default arrangements?
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
Shareholder 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
Tuesday August 15, 2023 17:00:00
2B.3c Please provide, or indicate where relevant forms can be obtained and how and where they must be lodged
From 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
Yes
Actual
Yes

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Part 3A - Ordinary dividend/distribution
3A.1 Is the ordinary dividend/distribution estimated at
this time?
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?3A.2a Is the ordinary dividend/distribution fully franked?
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
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).
7 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 10 cents. This will enable some shareholders to
claim a tax deduction.
3E.2 Please indicate the following information if applicable. (Refer Annual Investment Income Report specification for
further information)
Field NameAIIR Specification ReferenceValueEstimated/Actual
Interest9.79

Unfranked dividends not
declared to be conduit foreign
income

9.80

Unfranked dividends declared
to be conduit foreign income
9.81

9.91
YesYes
No

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Assessable foreign source
income

Tax-free amounts9.96

Tax-deferred amounts9.97

Managed investment trust
fund payments
9.105

Franked distributions from
trusts
9.120

Gross cash distribution9.121

Interest exempt from
withholding
9.122

Capital Gains discount
method Non-Taxable
Australian property
9.124

Capital gains other
Non-Taxable Australian
property
9.126


Other income9.130

Royalties9.135

NCMI

Excluded from NCMI

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?
4A.2 Last date and time for lodgement of election
notices to share registry under DRP
Tuesday August 15, 2023 17:00:00
4A.3 DRP discount rate
0.0000 %
4A.4 Period of calculation of reinvestment price
Start Date
11/8/2023
End Date
17/8/2023
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 Cboe automated trading
systems over the five trading days after the shares trade ex-dividend.
Do not participate in DRP (i.e. cash payment)

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4A.6 DRP Price (including any discount):
AUD 7.03000
4A.7 DRP +securities +issue date
1/9/2023
4A.8 Will DRP +securities be a new issue?4A.8a Do DRP +securities rank pari passu from +issue
date?
4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?
4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?
4A.11 Are there any other conditions applying to DRP participation?
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://www.afi.com.au/shareholders
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?
4B.2 Last date and time for lodgement of election
notices to share registry under BSP
Tuesday August 15, 2023 17:00:00
4B.3 BSP discount rate
0.0000 %
4B.4 Period of calculation of BSP price
Start Date
11/8/2023
End Date
17/8/2023
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 Cboe automated trading
systems over the five trading days after the shares trade ex-dividend.
4B.6 BSP Price (including any discount)
AUD 7.0300
4B.7 BSP +securities +issue date
1/9/2023
4B.8 Will BSP +securities be a new issue?4B.8a Do BSP +securities rank pari passu from +issue
date?
4B.9 Is there a minimum dollar amount or number of +securities required for BSP participation?
Yes
Yes
Do not participate in BSP (i.e. cash payment)
Yes
No
No
Yes
Yes

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4B.10 Is there a maximum dollar amount or number of +securities required for BSP participation?
4B.11 Are there any other conditions applying to BSP participation?
4B.11a Conditions for BSP participation
Eligibility as set out in Rule 1 of the DSSP Rules (link below)
4B.12 Link to a copy of the BSP plan rules
https://www.afi.com.au/shareholders
4B.13 Further information about the BSP
Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
5.2 Additional information for inclusion in the Announcement Summary
Yes
No
No