Commonwealth Bank announces quarterly distributions for PERLS notes

Commonwealth Bank of Australia (CBA) has declared ordinary quarterly distributions for several of its PERLS Capital Notes, all with an ex-date of December 4, 2025, record date of December 5, 2025, and payment date of December 15, 2025. These distributions are scheduled cash distributions and are expected to be fully franked at a corporate tax rate of 30.0000%.

For CBAPI (PERLS XII), the distribution amount is AUD 1.14840000 per security, with a total annual dividend/distribution rate of 4.6061% for the period September 15, 2025, to December 14, 2025. CBAPJ (PERLS XIII) and CBAPK (PERLS XIV) will each receive AUD 1.10470000 per security, reflecting a total annual distribution rate of 4.4311% for the same period. CBAPM (PERLS XVI) is also set to distribute AUD 1.14840000 per security, with an annual distribution rate of 4.6061%.

The distribution rates are calculated based on the 90-day bank bill swap rate as of September 15, 2025, plus their respective margins, and adjusted for tax. All distributions will be paid by electronic transfer, with the bank noting its discretion to make or not make distributions in full as per the PERLS terms and conditions.