Key Highlights:

• The Lion-OCBC Securities Singapore Low Carbon ETF has announced a dividend distribution of S\$0.0205 per unit.
• The distribution is fully tax-exempt and qualifies under Singapore’s Enhanced-Tier Fund Tax Scheme.
• Important dates include:
  • Ex-Dividend Date: 6 January 2025
  • Record Date: 7 January 2025
  • Distribution Payment Date: 31 January 2025
• The fund has been approved under the Enhanced-Tier Fund Tax Scheme pursuant to Section 13U of Singapore’s Income Tax Act, ensuring continued tax-free distributions for unitholders.

What Shareholders Need to Know:

The dividend will be disbursed either directly into the unitholders’ bank accounts or sent via cheque to the addresses registered with The Central Depository (Pte) Ltd. This announcement could potentially attract more investors to the fund, given its tax-exempt benefits. Shareholders should also note that the fund’s tax-exempt status is contingent on it meeting the conditions set by the Monetary Authority of Singapore (MAS).

Additionally, distributions made by the fund are not guaranteed and are at the discretion of Lion Global Investors Limited (LGI). Such dividend payments may reduce the fund’s available capital for reinvestment, potentially impacting its net asset value.

Potential Impact on Share Prices:

The announcement of a tax-exempt dividend and the fund’s compliance with Singapore’s Enhanced-Tier Fund Tax Scheme could bolster investor confidence, potentially leading to increased trading activity and upward pressure on share prices. However, investors are cautioned that past performance is not indicative of future results, and the ETF’s value may fluctuate due to market conditions.