cromwell property fund arsn 119 080 410
Issue Price
The issue price remained at $1.00 (plus any accrued distributions) until the Initial Capital was raised. "Initial Capital" refers to the 143 million units which was required to be issued to settle the 5 Initial Properties in the CPF.
The initial capital raising was completed on 21 November 2007. Properties are now re-valued annually and the new valuations are reflected in the unit price. In this way, the value of each investors’ holding will be reflected in the unit price.
Withdrawal Price
The CPF has a limited monthly withdrawal facility which has been designed to ensure investors who choose to exit the Fund still participate in any capital growth achieved by the Fund.
The facility is limited to a monthly maximum of 0.5% of the net asset value of the Fund on the first business day of the month.
Unit Pricing errors
Per ASIC and APRA's Unit Pricing: Guide to Good Practice, investors will receive compensation for any material unit pricing errors. Please note that in accordance with these guidelines Cromwell does not pay exited members compensation for material unit pricing errors where the amount of any compensation payable is less than $20.