Cromwell Ipswich City Heart Trust - Cromwell Australia

9.50

Cents Per Unit

$1.43

NTA

CLOSED

STATUS

Cromwell Ipswich City Heart Trust unitholders vote to extend the Trust

Cromwell Ipswich City Heart Trust (Trust) unitholders have voted to approve both resolutions required to implement the Rollover Proposal, as detailed in the Notice of Meeting and Explanatory Memorandum dated 22 August 2018.

For the full set of results and further detail on the Rollover and Matching Facility, please click here.

Key Benefits

Fixed 7 year term with no exposure to stock market volatility
Strong yield premium to term deposits
Tax effective investment
Long WALE, leased predominantly to government tenant
Monthly distributions

Yield

yield

6.7%

As at 30 September 2018¹

Fund Details

This was the first Cromwell trust to be certified as a Responsible Investment by the Responsible Investment Association of Australia. The Trust owns the highly green credentialled City Heart Building in Ipswich, Queensland.

Distribution	With low interest rates reducing the returns offered by cash and term deposits, this fund which had commencing distributions of 7.75% pa², was very well supported by investors.
Investments	This unlisted trust’s asset is the Ipswich City Heart Building completed in November 2013. The Trust was another single property investment opportunity, and the capital raising was well supported by investors attracted by the monthly distribution yield, the quality of the asset and its strong, long-term lease profile.
Benchmark	PCA/IPD Australian Pooled Property Fund Index - Unlisted Core Retail Index
Date commenced	December 2011

Investment Strategy

The Trust replicated many features of Cromwell’s other unlisted property trusts including the seven year investment period, innovative construction funding structure and long lease term.

How to Apply?

Although the Trust is fully subscribed, it is possible to still gain exposure to it by investing in the Cromwell Direct Property Fund.

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Disclaimer & Footnotes

Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333214 (“CFM”) has prepared this webpage and is the responsible entity of, and the issuer of units in, the Cromwell Ipswich City Heart Trust ARSN 154 498 923 (“Trust”). In making an investment decision in relation to the Trust, it is important that you read the product disclosure statement dated 16 December 2011 (“PDS”). The PDS is issued by CFM and is available from www.cromwell.com.au/ich or by calling Cromwell's Investor Services team on 1300 268 078. The Trust is not open for investment. This webpage has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision, you should consider the PDS and assess, with or without your financial or tax adviser, whether the Trust fits 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 on this webpage. If you acquire units in the Trust, CFM and certain related parties may receive fees from the Trust and these fees are disclosed in the PDS.

Please note: Any investment, including an investment in the Trust, 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 webpage are provided as a general guide only. Capital growth, distributions and tax consequences cannot be guaranteed. Forward-looking statements and the performance of the Trust are subject to the risks and assumptions set out in the PDS.

Based on the distribution for the month ending 30 September 2018 (annualised) and the unit price as at 30 September 2018. Please see historical distributions for further information. Future distributions may vary between months.
Capital growth, distributions and tax consequences cannot be guaranteed. The performance of the Trust is subject to the risks and assumptions set out in the PDS. Distribution % is based on the most recent distribution and issue price of $1.00 per unit and are subject to change. The proportion of distributions that are tax deferred will depend on a number of factors (for example, building amortisation and depreciation of plant and equipment) and may vary from year to year. Deferred tax may be payable, in whole or in part, on the sale, transfer or redemption of units in the Trust.