16 November 2021

Cromwell Funds Management Limited (CFM) has further diversified the debt exposure of the Cromwell Direct Property Fund (the Fund) with the introduction of a new debt facility for $120 million (the Facility) with an Australian bank. The Facility has a term of three years, expiring in October 2024.

The addition of the Facility takes the total debt available for the Fund to $341.5 million and has been established in preparation for settlement of the acquisition of 100 Creek Street, Brisbane, which is expected to settle in November 2021, subject to Foreign Investment Review Board (FIRB) approval.

If you have any questions or would like to know more about the Cromwell Direct Property Fund, please visit www.cromwell.com.au/dpf or contact Cromwell’s Investor Services Team on 1300 268 078 or email invest@cromwell.com.au.


Disclaimer:

Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333214 (CFM) has prepared this communication and is Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333214 (“CFM”) has prepared this update and is the responsible entity of, and the issuer of units in, the Cromwell Direct Property Fund ARSN 165 011 905 (“Fund”). In making an investment decision in relation to the Fund, it is important that you read the product disclosure statement dated 17 November 2020 (“PDS”). A target market determination (TMD) is also available. Applications for units in the Fund can only be made on the application form. The PDS, TMD and application form are issued by CFM and are available from www.cromwell.com.au/dpf or by calling Cromwell's Investor Services team on 1300 268 078. This content has been prepared without taking account of your objectives, financial situation or needs. In deciding whether to acquire or continue to hold an investment you should consider the Product Disclosure Statement (PDS) available from Cromwell and assess, with (or without) your financial adviser, whether products fit your objectives, financial situation or needs. CFM and its related bodies corporate, and their associates, do not receive any remuneration or benefits for the general advice given in this update. If you acquire units in the Fund, CFM and certain related parties may receive fees from the Fund and these fees are disclosed in the PDS.

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. See the PDS for examples of key risks. Past performance is not indicative of future performance. Forward-looking statements in this update are provided as a general guide only. Capital growth, distributions and tax consequences cannot be guaranteed. Forward-looking statements and the performance of the Fund are subject to the risks and assumptions set out in the PDS.