Smartshares announces dividend reinvestment price for NZ Cash ETF

Smartshares Limited, manager of the Smart NZ Cash ETF, has announced the dividend reinvestment strike price. For units issued in lieu of dividend from the upcoming distribution, the strike price has been set at 2.987 per unit. This distribution is scheduled to be paid on 19th September 2025.

Smart, a wholly owned subsidiary of NZX Limited, was established in 1996 and manages over $12 bn in funds. The company serves a diverse client base, including individual investors, financial advisers, businesses, iwi, and Pacific nation groups. Its investment philosophy, "the wise invest Smart," promotes market-tracking products for wealth building.

Through its Smart ETFs, the company enables Kiwis to diversify portfolios across more than 40 global, high-performing, and special interest markets. Further details, including product disclosure statements for the Smart Exchange Traded Funds, are available on their website.