31 March 2020

Cromwell Funds Management Limited (CFM) as responsible entity of the Cromwell Australian Property Fund (the Fund) advises that the Fund has been formally wound up in accordance with the Fund’s constitution and the law as at 31 March 2020.

Final distribution and cancellation of units

A final distribution payment of $1.349719753 per unit was made to Unitholders of the Fund on 31 March 2020, with no further amounts payable. All units in the Fund have now been cancelled.

Unitholder statements

Final Unitholder Distribution Statements will be distributed on or around 3 April 2020, with a Unitholder Exit Statement to be issued on or around 15 May 2020 and a Unitholder Attribution Managed Investment Trust Annual (AMMA) Statement expected to be released on or around 30 September 2020.

Further information

If you have any questions or would like to know more about the wind up of the Fund, please contact Cromwell’s Investor Services Team on 1300 268 078 or email invest@cromwell.com.au.

Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333214 (CFM) has prepared this notice and is the responsible entity of, and the issuer of units in, the Cromwell Australian Property Fund ARSN 153 092 516 (Fund). Information in this notice is based on sources believed to be reliable, and all opinions expressed are honestly held as at the applicable date. While every care has been taken in the preparation of this notice, CFM makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This notice has been prepared without taking into account your objectives, financial situation or needs. Please visit www.cromwell.com.au/apf or call Cromwell’s Investor Services Team on 1300 268 078 for more information.

Please note: Any investment, including an investment in the Fund, is subject to risk. If a risk eventuates, it may result in reduced distributions and/or a loss of some or all of the capital value of your investment. Past performance is not indicative of future performance. None of CFM, Phoenix Portfolios Pty Ltd as investment manager of the Fund, nor their related entities, directors or officers guarantees the success of the Fund, distributions, the amount you will receive on withdrawal, your income or capital return or the tax consequences of investing. The performance of the Fund is subject to the risks and assumptions set out in the Product Disclosure Statement.