28th February 2020
RFM Poultry (RFP) – HY20 results
RFM Poultry (RFP) Financial Statements for the Half Year Ended 31 December 2019
On 28 October 2019, Rural Funds Management Limited (RFM), as responsible entity for RFM Poultry (RFP or Trust), announced it had entered into agreements to sell all of RFP’s poultry assets to ProTen Investment Management Pty Ltd as trustee for ProTen Investment Trust (ProTen), and to terminate the Leases and the Growing Contracts upon completion of the sale. The sale was subject to certain conditions including approval from Unitholders in RFP. RFP Approval was received on 28 November 2019 and settlement occurred on 19 December 2019.
Two wind-up distributions totalling $0.7583 have been paid to Unitholders (detailed below).
Following the payment of the final distribution, termination notices under clause 20.2.2 of the RFP Constitution were issued to Unitholders on 7 May 2020. The unaudited net asset value of RFP securities is $0.00 per unit and no further distributions will be paid to Unitholders. Subsequently, RFP was delisted from the National Stock Exchange (NSX) effective 31 May 2020.
Unitholders will continue to hold units until completion of the final audit and notice period, expected to be prior to December 2020.
RFM will provide further updates to Unitholders as required. For any questions, please contact RFM Investor Services. For more information regarding the transaction and wind-up, refer to NSX announcements link below.
Record Date | Reinvestment Date | Cash Payment Date | Distributions Paid (per unit) |
Franking Credits | Total Gross Distribution1 |
---|---|---|---|---|---|
24/04/2020 | N/A | 07/05/2020 | $0.058300 | $0.000000 | $0.0583003 |
20/02/2020 | N/A | 28/02/2020 | $0.700000 | $0.000000 | $0.7000002 |
29/03/2019 | N/A | 30/04/2019 | $0.013011 | $0.004935 | $0.017946 |
31/12/2018 | N/A | 31/01/2019 | $0.026022 | $0.009870 | $0.035892 |
30/09/2018 | N/A | 31/10/2018 | $0.026920 | $0.010211 | $0.037131 |
29/06/2018 | N/A | 31/07/2018 | $0.025125 | $0.009530 | $0.034655 |
29/03/2018 | N/A | 30/04/2018 | $0.025125 | $0.010768 | $0.035893 |
29/12/2017 | N/A | 31/01/2018 | $0.025125 | $0.010768 | $0.035893 |
29/09/2017 | NA | 31/10/2017 | $0.025125 | $0.010768 | $0.035893 |
30/06/2017 | NA | 31/07/2017 | $0.025125 | $0.010768 | $0.035893 |
31/03/2017 | NA | 28/04/2017 | $0.025125 | $0.010768 | $0.035893 |
29/12/2016 | NA | 31/01/2017 | $0.025125 | $0.010768 | $0.035893 |
30/09/2016 | NA | 28/10/2016 | $0.025125 | $0.010768 | $0.035893 |
30/06/2016 | NA | 29/07/2016 | $0.025125 | $0.010768 | $0.035893 |
31/03/2016 | NA | 29/04/2016 | $0.025125 | $0.010768 | $0.035893 |
31/12/2015 | NA | 29/01/2016 | $0.025125 | $0.010768 | $0.035893 |
30/09/2015 | NA | 30/10/2015 | $0.025125 | $0.010768 | $0.035893 |
30/06/2015 | 30/07/2015 | 30/07/2015 | $0.025125 | $0.010768 | $0.035893 |
31/03/2015 | 15/04/2015 | 15/04/2015 | $0.025125 | $0.010768 | $0.035893 |
30/12/2014 | 15/01/2015 | 15/01/2015 | $0.025125 | $0.010768 | $0.035893 |
30/09/2014 | 15/10/2014 | 15/10/2014 | $0.025125 | $0.010768 | $0.035893 |
30/06/2014 | NA | 16/07/2014 | $0.0331 | NA | $0.0331 |
4/04/2014 | NA | 15/04/2014 | $0.0331 | NA | $0.0331 |
31/12/2013 | NA | 24/01/2014 | $0.0331 | NA | $0.0331 |
1Total distribution, including franking credits
2The first of two fund wind-up distributions. See NSX announcements dated 11 February 2020 and 28 February 2020.
3The final fund wind-up distribution. See NSX announcements dated 15 April 2020 and 7 May 2020.
Date | RFP Net Asset Value (NAV) per unit |
---|---|
08/05/2020 | $0.001 |
31/12/2019 | $0.77 |
30/06/2019 | $0.77 |
31/12/2018 | $1.05 |
30/06/2018 | $1.12 |
31/12/2017 | $1.12 |
30/06/2017 | $1.13 |
31/12/2016 | $1.14 |
30/06/2016 | $1.11 |
31/12/2015 | $1.08 |
30/06/2015 | $1.09 |
31/12/2014 | $1.03 |
30/06/2014 | $0.97 |
31/12/2013 | $0.97 |
RFP is a result of a demerger with the RFM Chicken Income Fund (CIF) on 19 December 2013. The NTA as at the day of the merger was $6.8m.
1Unaudited.
28th February 2020
RFM Poultry (RFP) Financial Statements for the Half Year Ended 31 December 2019
4th November 2019
RFM Managing Director, David Bryant, hosted a webinar regarding the proposed sale to ProTen and wind-up of RFM Poultry.
30th August 2019
RFM Executive Manager, Stuart Waight, hosted a webinar to outline the RFM Poultry (RFP) full year 2019 financial results on 30 August.
11th June 2019
RFM recently released the December 2018 edition of its biannual investor newsletter.
27th February 2019
RFM Executive Manager, Stuart Waight, hosted a webinar to outline the RFM Poultry (RFP) half year 2019 financial results on 27 February.
25th February 2019
RFM intends to release the HY19 financial results for RFM Poultry on Wednesday, 27 February 2019.
4th February 2019
RFM intends to release the HY19 financial results for the Rural Funds Group and RFM Poultry on the following dates.
13th December 2018
RFM recently released the December 2018 edition of its biannual investor newsletter.
7th September 2018
RFM Executive, Stuart Waight, hosted a webinar to outline the RFM Poultry (RFP) full year 2018 financial results on 5 September.
2nd April 2018
James Powell, RFM’s General Manager, Investor Relations and Marketing, recently spoke to the Finance News Network about the installation of solar panels on the Victorian poultry farms operated by RFM Poultry (NSX: RFP), as well as the recently released 2018 half year financial results.
1st March 2018
RFM Chief Operating Officer, Stuart Waight, hosted a webinar to outline the RFM Poultry (RFP) half year 2018 financial results on 28 February.
3rd March 2017
RFM Chief Operating Officer, Stuart Waight, hosted a webinar outlining the RFM Poultry (RFP) first half 2017 financial results on 2 March.
2nd March 2017
Rural Funds Management (RFM), as responsible entity for RFM Poultry (RFP), is pleased to announce RFP’s first half 2017 results.
4th October 2016
The FY16 financial statements for all Funds managed by RFM are now available.
7th September 2016
Rural Funds Management (RFM), as responsible entity and manager for RFM Poultry (RFP), today hosted an investor webinar following the release of the fund’s FY16 annual financial results.
7th September 2016
Rural Funds Management (RFM), as responsible entity and manager for RFM Poultry (RFP), is pleased to announce the FY16 results for the fund.
9th March 2016
The half year 2016 financial statements for the following RFM managed funds are now available.
2nd March 2016
Rural Funds Management (RFM), responsible entity for RFM Poultry (RFP), is pleased to announce RFP’s first half FY2016 results.
11th December 2015
As 2015 draws to a close, Rural Funds Management (RFM) is pleased to present an update to RFM Poultry (RFP) investors.
25th September 2015
The full year financial statements for FY15 for the following RFM managed funds are now available.
9th September 2015
Rural Funds Management Limited (RFM), Responsible Entity for RFM Poultry (NSX: RFP) is pleased to announce the fund’s 2015 Annual Financial Results.
25th February 2015
The half year reports for FY 2015 for the following RFM managed funds have been released.
13th March 2014
RFM Poultry (RFP) will release its first half FY2014 results on Friday 14 March 2014 and list on the National Stock Exchange (NSX) on Monday 17 March 2014.