Key Features

• Regulated by Australian Securities and Investments Commission (ASIC)
• No entry or exit fees
• Distribution paid annually after 31 March each year ^(*)
• First mortgage lending only, with conservative loan to valuation ratios not exceeding 66.67% of proper valuation
• Redemption of monies generally available at end of each month ^{(refer below)}
• No related party loans
• Investment can only be made using the application form attached to the current Product Disclosure Statement (PDS)

*  The payment of income distributions and the repayment of capital are not guaranteed and there may be circumstances where no distributions are paid. Past performance is not necessarily indicative of future performance.

Redemptions

The Trust is a non-liquid scheme and there is no automatic right of redemption. The Trust has a formal redemption facility in place which allows investors to apply for redemptions on a monthly basis. Redemptions will only be paid in full if there is sufficient cash set aside at the end of the month in which the redemption request is made and partial redemptions may be paid in any particular month.  The current withdrawal offer and withdrawal request form follow.  

                                      
Withdrawal Offer                        Withdrawal Request Form
 

Product Disclosure Statement

In providing the PDS, ASIC require that we draw your attention to matters regarding investments generally.  We point out that in providing the PDS to you we are not providing you with advice as to whether this is an appropriate investment for your particular circumstances.  We draw your attention to the disclaimer of advice on page iv of the PDS.

PDS 6- 22 December 2011

Benchmark and other disclosure

Benchmark disclosures required under ASIC Regulatory Guide 45, together with the most recent annual and interim financial statements for the fund and accompanying letters to investors follow.  The benchmark disclosures are updated at least twice yearly.

Benchmark Disclosures

Annual Financial Statements - 31 March 2011

Letter to Investors - year ended 31 March 2011

Interim Financial Statements - 30 September 2011

Letter to Investors - six months to 30 September 2011 

 

Any further information requiring continuous disclosure under the provisions of Chapter 6CA of the Corporations Act 2001 will be published here in accordance with ASIC Regulatory Guide 198 - Unlisted disclosing entities: Continuous disclosure obligations.