Trust Distributions Announced
Several Listed Income Trusts, Including Gryphon, Announce July Distributions for Investors
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Key Points
1
Metrics Income Opportunities Trust states the AUD 0.0111 per unit distribution is fully unfranked (100% unfranked income) for the period ending 31 July 2026.
2
Revolution Private Credit Income Trust notes the estimated AUD 0.013487 per unit distribution with ex-date 4 August 2026, record date 5 August 2026, and payment 19 August 2026; the actual amount will be confirmed on 12 August 2026, and the distribution is unfranked with zero franking credits and zero conduit foreign income.
3
Gryphon Capital Income Trust reported a net tangible asset (NTA) per unit of $2.0162 as of July 24, 2026, with the figure described as unaudited and approximate.
4
Gryphon Capital Income Trust is ASX-listed with ticker GCI; TipRanks notes its monthly distribution of AUD 0.01354 per fully paid ordinary unit for the period ending 31 July 2026, with ex-date 30 July, record date 31 July, and payment 10 August.
Gryphon Capital Income Trust (ASX: GCI) has declared a monthly distribution of AUD 0.01354 per ordinary unit for the period ending 31 July 2026, with payment set for 10 August 2026, according to Market Screener. The distribution is fully unfranked, meaning no tax credits are attached. The ex-date falls on 30 July 2026, and the record date is 31 July 2026.
The announcement comes alongside similar moves from other ASX-listed income trusts. Metrics Income Opportunities Trust and Revolution Private Credit Income Trust also declared monthly distributions for the same period, underscoring steady demand for regular, income-focused investments on the Australian market.
Gryphon's NTA Sits at $2.0162 Per Unit
Along with the distribution news, Gryphon Capital Income Trust revealed its net tangible asset (NTA) value per unit. As of 24 July 2026, the NTA stood at $2.0162 per unit, TipRanks reported. The figure is unaudited and approximate. NTA is a simple measure — it shows what each unit is worth based on the trust's real assets minus its debts.
The AUD 0.01354 monthly distribution works out to roughly 0.67% of that NTA per month. Annualised, that implies a distribution yield of around 8% at the current NTA level. For investors focused on steady cash flow, that kind of predictable income is a key draw of listed credit trusts like GCI.
Revolution and Metrics Also Pay Out in August
Revolution Private Credit Income Trust declared an estimated distribution of AUD 0.013487 per unit for the same period, according to Kalkine. Its ex-date is 4 August 2026, with payment on 19 August 2026. The final amount will be confirmed on 12 August 2026. Like Gryphon, the distribution carries zero franking credits and zero conduit foreign income.
Metrics Income Opportunities Trust declared AUD 0.0111 per unit for the period, also unfranked. Its ex-date is 31 July 2026, with payment on 10 August 2026. The final amount is due to be confirmed on 6 August 2026. That makes Metrics the lowest-paying of the three trusts this month, with Gryphon and Revolution both topping AUD 0.0134 per unit.
What Unfranked Means for Australian Investors
All three distributions are unfranked. In Australia, franking credits let investors offset some tax already paid by the company. An unfranked distribution carries no such credit. That means investors pay their full marginal tax rate on the income received. For super funds and low-income earners, this matters less. For high-income earners, it reduces the after-tax appeal.
Despite that, income trusts like GCI remain popular. They offer monthly cash payments rather than quarterly or annual ones. That regularity suits retirees and income-focused investors. With interest rates still elevated, competition from bank deposits is real — but the higher yield from credit trusts continues to attract capital.
Key Dates Investors Need to Watch
For Gryphon (GCI), investors must hold units before the 30 July 2026 ex-date to receive the AUD 0.01354 payment on 10 August 2026. For Revolution, the ex-date is 4 August 2026, with payment on 19 August. For Metrics, the ex-date is 31 July 2026, also paying on 10 August. Missing the ex-date means missing that month's income entirely.
Investors should note that Revolution's distribution remains an estimate until 12 August 2026, and Metrics' amount will be confirmed on 6 August 2026. Only Gryphon's AUD 0.01354 figure appears final as announced. Always check the confirmed amount before making decisions based on estimated distributions.
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