Notification of dividend / distribution

Update Summary

For personal use only

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

16/2/2022

Reason for the Update

Updated sections 2B.2a and 2B.2b with the foreign currency exchange rates applicable to the interim dividend. Updated sections 4A.6 and 4B.6 with the Dividend Reinvestment Plan and Dividend Substitution Share Plan issue price for the interim dividend.

Refer to below for full details of the announcement

Notification of dividend / distribution

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Notification of dividend / distribution

Announcement Details

only

Part 1 - Entity and announcement details

1.1 Name of +Entity

AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED

1.2 Registered Number Type

Registration Number

use

ABN

56004147120

1.3 ASX issuer code

AFI

1.4 The announcement is

Update/amendment to previous announcement

personal

1.4a Reason for update to a previous announcement

ORDINARY FULLY PAID

Updated sections 2B.2a and 2B.2b with the foreign currency exchange rates applicable to the interim dividend.

Updated sections 4A.6 and 4B.6 with the Dividend Reinvestment Plan and Dividend Substitution Share Plan issue

price for the interim dividend.

1.4b Date of previous announcement(s) to this update

24/1/2022

1.5 Date of this announcement

16/2/2022

1.6 ASX +Security Code

AFI

For

ASX +Security Description

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

Notification of dividend / distribution

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use only

Notification of dividend / distribution

2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)

31/12/2021

2A.4 +Record Date

10/2/2022

2A.5 Ex Date

9/2/2022

2A.6 Payment Date

25/2/2022

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

For personal

2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form

AUD 0.10000000

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.11b If the +entity has a BSP, is the BSP applicable to this dividend/distribution?

Yes

2A.12 Does the +entity have tax component information apart from franking?

No

2A.11a(i) DRP Status in respect of this dividend/distribution

Full DRP

2A.11b(i) BSP status in respect of this dividend/distribution

Full BSP offered

Notification of dividend / distribution

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Notification of dividend / distribution

Part 2B - Currency Information

For personal use only

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 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, NSD 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:

Currency

Payment currency equivalent amount per security

NZD - New Zealand Dollar

NZD 0.10685000

GBP - Pound Sterling

GBP 0.05212000

2B.2b Please provide the exchange rates used for non-primary currency payments

AUD 1.00: GBP 0.5212

AUD 1.00: NZD 1.0685

2B.2c If payment currency equivalent and exchange

Estimated or Actual?

rates not known, date for information to be released

Actual

16/2/2022

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

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

Friday February 11, 2022 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

Notification of dividend / distribution

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AUD 7.86000
Notification of dividend / distribution
4A.6 DRP Price (including any discount):
4A.5 DRP price calculation methodology
9/2/2022
Start Date
4A.4 Period of calculation of reinvestment price
Friday February 11, 2022 17:00:00
4A.2 Last date and time for lodgement of election notices to share registry under DRP
AUD 0.00000000
3A.7 Ordinary dividend/distribution conduit foreign income amount per security
AUD 0.00000000
3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount
AUD 0.10000000
3A.4 Ordinary dividend/distribution franked amount per +security
100.0000 %
3A.2 Is the ordinary dividend/distribution franked? Yes
AUD 0.10000000
3A.1b Ordinary Dividend/distribution amount per security
onlyuse personalPart 4A - +Dividend reinvestment plan (DRP) For
3A.1 Is the ordinary dividend/distribution estimated at this time?
No
Notification of dividend / distribution
Part 3A - Ordinary dividend/distribution
25/2/2022
4A.7 DRP +securities +issue date
The price will be set at a 5 per cent discount to 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.
15/2/2022
End Date
5.0000 %
4A.3 DRP discount rate
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)
0.0000 %
3A.5 Percentage amount of dividend which is unfranked
30.0000 %
3A.3 Percentage of ordinary dividend/distribution that is franked
3A.3a Applicable corporate tax rate for franking credit
(%)
3A.2a Is the ordinary dividend/distribution fully franked? Yes
AUD
3A.1a Ordinary dividend/distribution estimated amount per +security

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Australian Foundation Investment Company Limited published this content on 15 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2022 22:03:04 UTC.