Does the Australian Education Trust have a Distribution Reinvestment Plan (DRP)?
Yes, however, it is not currently active. The DRP allows you to have your distributions reinvested in additional units in the Trust, rather than having your distributions paid to you. The DRP was suspended in December 2004 but this decision is subject to review. The DRP price for new units is calculated at a discount to the weighted average market price of the Trust’s units traded on the ASX during the 10 business days from and including the date upon which the units trade ex-distribution.
