04 April 2017
Cromwell Funds Management Limited (CFML) is the responsible entity of the Cromwell Ipswich City Heart Trust (Trust).
The Bank Loan for the Property was due to expire in June 2017. CFML has taken advantage of current market conditions and negotiated a refinance of the Bank Loan until June 2019. The margin rate under the Bank Loan has reduced. All other terms remain substantially the same.
Furthermore, CFML has extended the Trust’s interest rate swap by six months beyond 30 June 2018 to 31 December 2018. The initial term of the Trust expires in December 2018.
If you have any questions, please contact Cromwell Investor Services on 1300 CROMWELL (1300 276 693) or email firstname.lastname@example.org.
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 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 Investor Services on 1300 276 693. The Trust is not open for investment. This notice 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 in this notice. 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 a reliable indicator of future performance. Forward-looking statements in this notice 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.