Pinnacle Investment Management Group confirms dividend reinvestment plan price

Pinnacle Investment Management Group Limited (ASX:PNI) has provided an update to its previous dividend announcement, confirming the dividend reinvestment plan (DRP) price. The ordinary dividend, relating to a six-month period ending June 30, 2025, will see a total payment of A$0.27 per security. The DRP price has been set at A$18.706 per security, calculated using a volume-weighted average price methodology between September 8 and September 12, 2025. DRP securities, which will be new issues, will rank pari passu from their issue date of September 19, 2025. The DRP discount rate is 0.0000%.

The dividend is 88.0000% franked, with a franked amount of A$0.2376 per security, based on a corporate tax rate for franking credit of 30.0000%. The unfranked portion accounts for 12.0000%, resulting in an unfranked amount of A$0.0324 per security. The record date for the dividend was September 2, 2025, with an ex-date of September 1, 2025, and a payment date of September 19, 2025. The deadline for lodging DRP election notices was Friday, September 12, 2025, at 5:00 PM.

Shareholders have the option to receive payments in Australian Dollars (AUD) or New Zealand Dollars (NZD) for residents of New Zealand, with conversions from AUD applied prior to the payment date. Shareholders can update their bank details or access forms through the company's share registry online or by contacting them directly.