Foundation - Dividend Update JULY 2022
QUARTERLY DIVIDEND UPDATE – JULY 2022
Foundation is a global income focused investment fund unconstrained by asset class or geographies, that invests in a diverse group of cash flow positive assets which provide an opportunity for superior low-risk returns. It has paid quarterly dividends to Investment Partners since 2018.
Foundation Income Fund has declared to pay a $1.00 fully franked dividend per share and for the second year running a $0.50 special fully franked dividend.
5.7% p.a. fully franked gross dividend yield (net of special dividends)
Quarterly dividends
Stable share price of $100 aligns with the Net Asset Value (NAV)
Diversified portfolio of income producing investments
Stable income producing investment for Individuals, Family Trusts, Self-Managed Super Funds, For Purpose Organisations and Income-Tax Exempt Investors
Source: canstar.com.au Highest 3-month term deposit rate on the Canstar database. Assumes all dividends are reinvested, with franking credits reinvested in September of each year. Forecast data assumes quarterly payout of Foundation Income Fund’s minimum target distribution rate.
Important Information: Performance and analytics are provided only for the Net Asset Value and returns of Foundation ordinary shares. Actual performance will differ for Investment Partners due to the timing of their investment.
About Foundation Income Fund Ltd
Foundation is a Global Income Fund. We employ our Value Investing philosophy in building a diversified portfolio of incoming producing investments, where not losing money is our number one focus. Our objective is to provide quarterly fully franked dividends to our Investment Partners to meet their income and cash flow needs. Above all we are focused on the preservation of capital and delivering income returns over the long term, through investments with a margin of safety and a durable growing income stream.
Foundation's investment manager is Menninger Capital. AFS License No. 455364
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy. Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
We encourage you to think of investing as a long-term pursuit.
Important Information: This report has been prepared by Menninger Capital. This report is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. It is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the report. The report should not be regarded by recipients as a substitute for the exercise of their own judgement. Any opinions expressed in this report are subject to change without notice. The analysis contained herein is based on numerous assumptions. Different assumptions could result in materially different results. Menninger Capital is under no obligation to update or keep current the information contained herein. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realised.