A little disappointing. With a rising proportion of NTA in offshore assets (unhedged) they've obviously decided to preserve franking credits in order to maintain franking for future dividends.
I guess that's the trade off with DUI over AUI, hopefully faster growth in NTA at the sacrifice of lower dividends however I had expected some Capital Management as per AUI.
Ann: Appendix 4E - 30 June 2024 Financial Report, page-2
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