A differentiated way to invest in Australian shares through a systematic, dividend focused strategy.
View & Apply – Whitefield Income prospectus— IPO open now
Investment characteristics
AN ASX LISTED INVESTMENT COMPANY
Whitefield Income is proposed to become an ASX listed investment company [ASX Code: WHI]. This provides investors with the convenience of buying shares in Whitefield Income Limited on ASX via a stockbroker.
REGULAR MONTHLY DIVIDENDS
Whitefield Income Limited distributes some or all of its available net profit to shareholders as monthly franked dividends.
TOTAL RETURN
Whitefield Income Limited aims to generate total return inclusive of franking credits (consisting of gross income and fluctuations in capital values net of expenses) that are similar to or exceed the gross return of the S&P/ASX 300 Equal Weighted Franking Credit Adjusted Daily Tax-Exempt Total Return Index over rolling 3 year periods.
The strategy seeks to benefit from:
- The systematic mispricing of ASX listed equity securities over their income recognition and dividend payment periods;
- An orientation of the portfolio towards profitable, cash flow generative and dividend paying companies;
- The potential for growth in the underlying earnings and value of Australian shares across each year.
A FOCUS ON INCOME
Whitefield Income Limited invests in a diverse and actively managed portfolio of 70-100 equity securities primarily from within the S&P/ASX300 universe.
AN ASX LISTED INVESTMENT COMPANY
Whitefield Income is proposed to become an ASX listed investment company [ASX Code: WHI]. This provides investors with the convenience of buying shares in Whitefield Income Limited on ASX via a stockbroker.
REGULAR MONTHLY DIVIDENDS
Whitefield Income Limited distributes some or all of its available net profit to shareholders as monthly franked dividends.
TOTAL RETURN
Whitefield Income Limited aims to generate total return inclusive of franking credits (consisting of gross income and fluctuations in capital values net of expenses) that are similar to or exceed the gross return of the S&P/ASX 300 Equal Weighted Franking Credit Adjusted Daily Tax-Exempt Total Return Indexover rolling 3 year periods.
The strategy seeks to benefit from:
– The systematic mispricing of ASX listed equity securities over their income recognition and dividend payment periods;
– An orientation of the portfolio towards profitable, cash flow generative and dividend paying companies;
– The potential for growth in the underlying earnings and value of Australian shares across each year.
A FOCUS ON INCOME
Whitefield Income Limited invests in a diverse and actively managed portfolio of 70-100 equity securities primarily from within the S&P/ASX300 universe.
NET ASSET BACKING PRE-DEFERRED TAX 2,3
WHINA7
FULLY FRANKED ANNUAL DIVIDEND 4,5
WHINA7
GROSS ANNUAL DIVIDEND YIELD INCLUDING FRANKING 4,5,6
WHINA7
GROSS ASSETS 3
NA7
2 Per ORD share
3 At 31 Oct 2024
5 Dividends are those paid for the last financial year
6 As a percentage of current share price
7 Data will only be available after the IPO or first year of operation
Performance summary As at 30 Sep 2024
2 Benchmark is the S&P/ASX300 Equal Weight Franking Credit Adjusted Daily Total Return Index
3 Shareholder returns are after all expenses and company tax incurred and are gross of franking credits attached to dividends 3 Returns are per annum and are after all expenses and after the payment or provision of company tax by Whitefield
4 Asset Backing refers to Net Asset Backing before deferred capital gains tax 5 Includes the returns of the Whitefield Income strategy which operated in an unlisted fund from Jan 2021 until ASX listing 6 Annual Share Price and Asset Backing returns will only be available once the company has completed a full 12 months of operation after ASX listing
Whitefield Income Limited Share Capital
ORDINARY SHARES (WHI)
Ordinary Shares provide an investor with exposure to changes in the underlying capital value of the company as well as an entitlement to receive ordinary share dividends as declared by the directors from time to time.
Ordinary Shares carry a right to vote on Company matters.
Dividend plans
Whitefield Income Limited does not offer a dividend reinvestment plan. Shareholders seeking to increase their investment may do so by acquiring more shares on market via ASX.
Corporate governance
Corporate Governance Statement
Board Charter
Remuneration Committee Charter
Nomination Committee Charter
Audit & Risk Committee Charter
Code of Conduct & Ethics
Disclosure Policy
Risk Management Policy
Diversity Policy
Securities Trading Policy
Privacy Policy
SUITABILITY
Whitefield Income Limited is suitable for investors:
- Seeking franked dividend income from a portfolio of Australian shares;
- Seeking to invest through an ASX-listed investment company structure; and
- Whose financial situation, needs and objectives are such that they can accommodate the variability of dividend income and capital value associated with such an investment.
Investors should understand that:
- Dividends from Australian shares (including shares in Whitefield Income Limited) are variable and may rise or fall over time;
- The prices at which Australian shares (including shares in Whitefield Income Limited) trade on ASX are variable, may rise or fall over time and may differ from the company’s Net Asset Value.
Investors should carefully consider their financial situation, needs and objectives and should fully understand the features, benefits and risks of an investment prior to investing. Investors may wish to consult their financial or professional advisor/s to assist them.
Risks of Investing
All investments are subject to risk which means the value of investments may rise or fall.
The primary risks that relate to Whitefield Income Limited and its operations and outcomes include adverse fluctuations in the value of its portfolio of ASX listed equity securities; decreases in the dividends and distributions being paid by ASX listed equity securities; investment strategy and stock selection risk; manager performance risk; licensing risk; key person risk; incentives risk; company risk; concentration risk; administration risk; taxation risk; litigation risk; counterparty and financial markets infrastructure risk; cyber risk; conflicts of interest; liquidity risk and regulatory risk.
Additional risks relating to an investment in the shares include dividend risk; fluctuations in value or dividends and an investor’s time frame for investment and discounts or premiums to NTA backing.
Refer to sections 5.2 and 5.3 of the Prospectus for a comprehensive summary of potential risks.
Whitefield Income Limited (ACN 658 702 222) is the issuer of the shares offered in the prospectus referred to on this page (hereafter, the Prospectus). An electronic version of the Prospectus is available and can be downloaded by clicking the link ‘View the Whitefield Income prospectus – IPO open soon’, above. Investors should consider the Prospectus in deciding whether to acquire the shares. Investors will only be able to subscribe for shares in Whitefield Income Limited by following the application procedures in the Prospectus and by completing the application form that will be in or will accompany the Prospectus.