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Russell ETF declares distribution

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By Vishal Teckchandani
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1 minute read

Global investment manager Russell Investments has declared a final distribution of 18.99 cents per unit to investors within its High Dividend Australian Shares exchange-traded fund.

The distribution was 60.97 per cent franked at a franking rate of 33 per cent, Russell said.

"Each unit will receive 5.7218 cents worth of franking credits and zero cents worth of foreign tax credits," it said.

The company said the issue price under the dividend reinvestment plan was $25.33.