US Masters Residential Property Fund : Update - Dividend/Distribution - URFPA

Notification of dividend / distribution

Update Summary

For personal use only

Entity name

US MASTERS RESIDENTIAL PROPERTY FUND

Security on which the Distribution will be paid

URFPA - CNT PREF 6.25% PERP SEMI SUB CUM STEP T-01-23

Announcement Type

Update to previous announcement

Date of this announcement

12/7/2022

Reason for the Update

To provide an update regarding DRP price.

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
		US MASTERS RESIDENTIAL PROPERTY FUND
		1.2 Registered Number Type	Registration Number
use	ARSN
150256161
1.3 ASX issuer code
		URF
		1.4 The announcement is
		Update/amendment to previous announcement
personal	1.4a Reason for update to a previous announcement
To provide an update regarding DRP price.
		1.4b Date of previous announcement(s) to this update
		22/6/2022
		1.5 Date of this announcement
		12/7/2022
		1.6 ASX +Security Code
		URFPA
		ASX +Security Description
For	CNT PREF 6.25% PERP SEMI SUB CUM STEP T-01-23
	Pa t 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

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

30/6/2022

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2A.4	+Record Date
30/6/2022
2A.5	Ex Date
29/6/2022

only	2A.6 Payment Date
25/8/2022
		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
use	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
personal	2A.9 Total dividend/distribution payment amount per	Estimated or Actual?
+security (in primary currency) for all	Actual
dividends/distributions notified in this form
		AUD 3.10000000
		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?
		No
		2A.11 Does the entity have a securities plan for
		dividends/distributions on this +security?
		We have a Dividend/Distribution Reinvestment Plan (DRP)
		2A.11a If the +entity has a DRP, is the DRP applicable to	2A.11a(i) DRP Status in respect of this
		this dividend/distribution?	dividend/distribution
		Yes	Full DRP
For	2A.12 Does the +entity have tax component information
apart from franking?
No
	Part 3A - Ordinary dividend/distribution
		3A.1 Is the ordinary dividend/distribution estimated at	3A.1a Ordinary dividend/distribution estimated amount
		this time?	per +security
		No	AUD
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Notification of dividend / distribution

3A.1b Ordinary Dividend/distribution amount per security

AUD 3.10000000

3A.2 Is the ordinary dividend/distribution franked? No

only	3A.3	Percentage of ordinary dividend/distribution that is
franked
		0.0000 %
		3A.4	Ordinary dividend/distribution franked amount per	3A.5 Percentage amount of dividend which is unfranked
		+security	100.0000 %
		AUD 0.00000000
use	3A.6	Ordinary dividend/distribution unfranked amount
per +security excluding conduit foreign income amount
AUD 3.10000000
		3A.7	Ordinary dividend/distribution conduit foreign
		income amount per security
personal	AUD 0.00000000
	Part 3D - Preference +security distribution rate details
		3D.1	Start date of payment period	3D.2 End date of payment period
		1/1/2022		30/6/2022
		3D.3	Date dividend/distribution rate is set (optional)
		3D.5	Number of days in the dividend/distribution period
		181
		3D.6	Dividend/distribution base rate (pa)
		6.2500 %
For	3D.7	Comments on how dividend/distribution base rate is set
3D.8	Dividend/distribution margin
		%
		3D.9	Comments on how dividend/distribution margin is set

3D.10 Any other rate / multiplier used in calculating dividend/distribution rate

%

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3D.11 Comments on how other rate used in calculating dividend/distribution rate is set

3D.12 Total dividend/distribution rate for the period (pa)

6.2500 %

only	3D.13 Comment on how total distribution rate is set
	Part 4A - +Dividend reinvestment plan (DRP)
use	4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?
Participation in DRP (i.e. +securities issued)
		4A.2 Last date and time for lodgement of election	4A.3 DRP discount rate
		notices to share registry under DRP	5.0000 %
		Tuesday July 5, 2022 17:00:00
		4A.4 Period of calculation of reinvestment price
personal	Start Date	End Date
4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?
		16/6/2022		29/6/2022
		4A.5 DRP price calculation methodology
		Please refer to the Distribution announcement dated 22 June 2022. For more information please refer to the PDS https://w
		ww.usmastersresidential.com.au/wp-content/uploads/2018/01/URF-PDSCPU.pdf
		4A.6 DRP Price (including any discount):	4A.7 DRP +securities +issue date
		AUD 0.26000	25/8/2022
		4A.8 Will DRP +securities be a new issue?	4A.8a Do DRP +securities rank pari passu from +issue
		Yes	date?
				Yes
		4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?
		No
For	No

4A.11 Are there any other conditions applying to DRP participation? No

4A.12 Link to a copy of the DRP plan rules https://www.usmastersresidential.com.au/wp-content/uploads/2018/12/URF-DRF-Dec2018.pdf

4A.13 Further information about the DRP

The DRP price at 4A.6 above is the DRP price per ordinary unit.

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