- 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
As advised, the annual distribution for the Cromwell Ipswich City Heart Trust increased by 1.5 cents per unit (cpu) per annum (p.a.) to 11.0 cpu p.a., with the increase effective from 1 January 2019.
Due to an administrative error, the January 2019 monthly distribution paid to unitholders on Friday 8 February 2019 was paid at the original rate of 9.5 cpu p.a. (0.791667 cpu per month).
We expect to make a further payment of 0.125 cpu on Tuesday 12 February 2019 to address the shortfall in the January 2019 distribution.
Cromwell Funds Management Limited apologises for the inconvenience this error has caused.
If you have any questions in relation to the payment or your unitholding, please contact Cromwell’s Investor Services Team on 1300 268 078 or your financial adviser.
As at 31 December 20181
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|
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.
Although the Trust is fully subscribed, it is possible to still gain exposure to it by investing in the Cromwell Direct Property Fund.
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.