04 July 2014

The Bank Loan for the Property was due to expire in December 2014.  To take advantage of current market conditions, CFML has negotiated an extension of the Bank Loan until June 2017.  The margin rate under the Bank Loan has reduced slightly.  All other terms remain substantially the same. 

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 Ipswich City Heart Trust ARSN 154 498 923 (the Trust). Even though the Trust is no longer open to new investment, before making any 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 or by calling Cromwell Investor Services on 1300 276 693. This update has been prepared without taking into account any investor’s objectives, financial situation or needs. Before making an investment decision, investors should consider the PDS and assess, with or without a financial or tax adviser, whether the product is appropriate given the investor’s objectives, financial situation or needs. Past performance is not indicative of future performance. Forward-looking statements in this update are provided as a general guide only and are subject to the risks and assumptions in the PDS. 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 Trust, CFM will receive fees as disclosed in the PDS.