SUNCORP GROUP LIMITED Notification of dividend / distribution
Notification of dividend / distribution
Announcement Summary
Entity name
SUNCORP GROUP LIMITED
Security on which the Distribution will be paid
SUNPE - CNV PREF 3-BBSW+3.4% PERP NON-CUM RED T-6-22
Announcement Type
New announcement
Date of this announcement
Thursday September 17, 2015
Distribution Amount
AUD 0.97300000
Ex Date
Tuesday December 1, 2015
Record Date
Thursday December 3, 2015
Payment Date
Thursday December 17, 2015
Refer to below for full details of the announcement
Announcement Details
Part 1 - Entity and announcement details
1.1 Name of +Entity
SUNCORP GROUP LIMITED
1.2 Registered Number Type
ABN
Registration Number
66145290124
1.3 ASX issuer code
SUN
1.4 The announcement is
New announcement
1.5 Date of this announcement
Thursday September 17, 2015
1.6 ASX +Security Code
SUNPE
Notification of dividend / distribution 1 / 4
Notification of dividend / distribution
ASX +Security Description
CNV PREF 3-BBSW+3.4% PERP NON-CUM RED T-6-22
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
Ordinary
2A.2 The Dividend/distribution:
relates to a period of one quarter
2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)
Wednesday December 16, 2015
2A.4 +Record Date
Thursday December 3, 2015
2A.5 Ex Date
Tuesday December 1, 2015
2A.6 Payment Date
Thursday December 17, 2015
2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?
Security holder approval
Court approval
Lodgement of court order with +ASIC ACCC approval
FIRB approval
Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.
No
2A.8 Currency in which the dividend/distribution is made ("primary currency")
AUD - Australian Dollar
2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form
AUD 0.97300000
2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market?
No
2A.11 Does the entity have a securities plan for dividends/distributions on this +security?
We do not have a securities plan for dividends/distributions on this security
Estimated or Actual?
Actual
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Notification of dividend / distribution
2A.12 Does the +entity have tax component information apart from franking?
No
Part 3A - Ordinary dividend/distribution
3A.1 Is the ordinary dividend/distribution estimated at this time?
No
3A.1b Ordinary Dividend/distribution amount per security
AUD 0.97300000
3A.2 Is the ordinary dividend/distribution franked?
Yes
3A.3 Percentage of ordinary dividend/distribution that is franked
100.0000 %
3A.4 Ordinary dividend/distribution franked amount per +security
AUD 0.97300000
3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount
AUD 0.00000000
3A.7 Ordinary dividend/distribution conduit foreign income amount per security
AUD
3A.1a Ordinary dividend/distribution estimated amount per +security
AUD
3A.2a Is the ordinary dividend/distribution fully franked?
Yes
3A.3a Applicable corporate tax rate for franking credit (%)
%
3A.5 Percentage amount of dividend which is unfranked
0.0000 %
Part 3D - Preference +security distribution rate details
3D.1 Start date of payment period
Thursday September 17, 2015
3D.2 End date of payment period
Wednesday December 16, 2015
3D.3 Date dividend/distribution rate is set (optional)
Thursday September 17, 2015
3D.4 Describe how the date that dividend/distribution rate is set is determined
The first business day of the distribution period
3D.5 Number of days in the dividend/distribution period
91
3D.6 Dividend/distribution base rate (pa)
2.1750 %
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Notification of dividend / distribution
3D.7 Comments on how dividend/distribution base rate is set
This is the 90 day Bank Bill Rate on the first day of the period.
3D.8 Dividend/distribution margin
3.4000 %
3D.9 Comments on how dividend/distribution margin is set
As per the Suncorp Convertible Preference Share 3 Prospectus dated 8 April 2014
3D.10 Any other rate / multiplier used in calculating dividend/distribution rate
-1.6725 %
3D.11 Comments on how other rate used in calculating dividend/distribution rate is set
Other Rate = A - B where:
A = (Bank Bill Rate + Margin) x (1 - tax rate of 30%) B = (Bank Bill Rate + Margin)
3D.12 Total dividend/distribution rate for the period (pa)
3.9025 %
3D.13 Comment on how total distribution rate is set
Total distribution rate = (dividend/distribution base rate + Dividend/Distribution Margin) x (1 - tax rate of 30%)
Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
http://www.suncorpgroup.com.au/investors/securities/cps3-sunpe
5.2 Additional information for inclusion in the Announcement Summary
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