FAQs
About Argo Infrastructure
Argo Infrastructure’s full investment portfolio is released each year in the Annual Report and published on our website. The top 10 holdings are published quarterly in our Quarterly Investment Update.
For more information, see Our portfolio.
Argo Infrastructure shares are bought through a sharebroker on the Australian Securities Exchange (ASX) just as you would buy shares in other ASX-listed companies, such as Woolworths and BHP. Argo Infrastructure shares trade under the ASX ticker code ‘ALI’.
For more information, see How to invest.
Argo Infrastructure’s manager Argo, invested $25 million in the Company’s initial public offering (IPO) in 2015. We believe Argo’s holding of approximately 8.5% aligns its interests as the manager with Argo Infrastructure’s shareholders’.
Argo Infrastructure does not provide guidance on future dividend expectations. However, the Board is committed to delivering sustainable dividends with minimal volatility. Every year since our initial public offering (IPO) in 2015, dividends paid to shareholders have increased, and the last six dividends have been fully franked.
For details of dividends Argo Infrastructure has paid since its inception,
see ‘Historical dividends’.
The FTSE Global Core Infrastructure 50/50 Index (net total return in A$ terms).
Changing your details
If your shares are CHESS Sponsored (Holder Identification Number (HIN) starting with ‘X’) you will need to advise your broker and they will arrange for the change to be noted on Argo Infrastructure’s share register.
If your shares are Issuer Sponsored (Shareholder Reference Number (SRN) starting with ‘I’) you will need to contact Argo Infrastructure’s share registry, BoardRoom Pty Limited. The easiest way to do this is via their secure and user-friendly online investor portal InvestorServe. Alternatively, you can contact BoardRoom directly.
Managing your shareholding
Yes, using the share registry’s secure and user-friendly online investor portal InvestorServe.
If you have not already registered for InvestorServe, you will need your Shareholder Reference Number (SRN) or Holder Identification Number (HIN).
Argo Infrastructure shares can either be sponsored by Argo Infrastructure itself or your broker. If your shares are sponsored by Argo Infrastructure, they are known as Issuer Sponsored and are held on the Issuer Sponsored Subregister. Issuer Sponsored shares have a Shareholder Reference Number (SRN) beginning with ‘I’ and can be traded through any broker.
However, if you have signed an agreement with a broker that they will sponsor your shares, the shares are held on the CHESS Subregister. CHESS Sponsored shares have a Holder Identification Number (HIN), starting with ‘X’. You will have the same HIN for all your various shareholdings sponsored with that broker.
The easiest way to access past dividend statements is using the share registry’s secure and user-friendly online investor portal InvestorServe.
If you have not already registered for InvestorServe, you will need your Shareholder Reference Number (SRN) or Holder Identification Number (HIN).
Selling and transferring share
Argo Infrastructure shares are traded on the Australian Securities Exchange (ASX), just like other ASX-listed companies such as Woolworths or BHP, via a stockbroker, online broker, financial adviser or investment platform. If you don’t already have one, you will need to set up an account with a broker, adviser or platform to sell some or all of your Argo Infrastructure shares.
Using an online broker is usually more cost efficient than a traditional stockbroker. You can ask your bank if they have a broking service or go to the ASX website to find a broker here.
Apart from brokerage, there are no other fees to buy, hold or sell Argo Infrastructure shares.
A standard transfer form, and instructions for completing it, can be downloaded from the share registry’s secure and user-friendly online investor portal InvestorServe.
Please note:
If one or both of the parties to the transfer are CHESS Sponsored, you will need to contact your sponsoring sharebroker so that they can process the transfer through the CHESS system.
It is important to make sure that both the ‘buying’ and ‘selling’ parties to the transfer sign the form. A fee applies and the seller/transferor will need to provide identification.
For more information, contact the share registry BoardRoom.
Fees
Argo Infrastructure does not charge fees to shareholders to buy, sell or hold its shares. The only direct cost incurred in owning Argo Infrastructure shares is brokerage payable to the broker for buying or selling the shares.
A management fee of 1.2%* is paid by Argo Infrastructure to the Manager (Argo Investments). This fee is an outgoing expense paid by Argo Infrastructure, not charged directly to shareholders. Dividends are paid from Argo Infrastructure’s profit after expenses (including the management fee) are deducted from the Company’s income.
* Decreases to 1.1% if assets exceed $500 million and 1.0% if assets exceed $1 billion.
No. Unlike many managed funds and listed investment companies, Argo Infrastructure does not pay performance fees to its manager.