TEMPORARY SUSPENSION OF DISTRIBUTION REINVESTMENT PLAN
On 25 March 2020, PCI’s Responsible Entity, Perpetual Trust Services Limited announced that the Distribution Reinvestment Plan (DRP) will be suspended until further notice. The Responsible Entity considers that it is not in the best interest of investors to operate the DRP as investors would be allocated units at the NTA which is currently above the market price, when they could access these units at a lower price by purchasing units on market via the ASX. For details, please refer to the announcement.
The Distribution Reinvestment Plan (DRP) is a convenient way for you to increase your holding of Units in the Perpetual Credit Income Trust ARSN 626 053 496 (Trust), by allowing you to automatically reinvest all or part of your Distributions in additional Units, without incurring brokerage, commissions or other transaction costs.
Capitalised terms in this outline have the same meaning as the DRP Terms and Conditions, unless defined otherwise. The DRP is available to unitholders in the Trust (Unitholders) with registered addresses in Australia and New Zealand.
If you wish to participate in the DRP, you must either:
- complete and lodge the DRP Electronic Election by logging into your online account at https://investor.automic.com.au; or
- contact the Unit Registry to obtain the Change of Distribution Election Form.
Completed Change of Distribution Election Forms must be received by the Unit Registry or Electronic Elections must be lodged by 5:00 pm (Sydney time) on the first Business Day after the Record Date for a Distribution to be effective for that and future Distributions.
You may nominate part or all of your unitholding in the Trust for participation in the DRP. Your nominated participation will apply to all subsequent Distributions until varied by you.
If you do not wish to participate in the DRP, you are not required to take any action and will continue to receive your Distributions in the form of Cash Distributions only.
While this DRP outlines the main features of the DRP, it is not intended to provide financial, taxation or legal advice. As Unitholders have different financial needs and taxation circumstances, you should choose your form of Distribution carefully.
If you are not sure which Distribution option is best for your needs, you should consult your own financial, taxation or legal advisers.
OUTLINE AND FAQ
Please click here to learn the key features, together with the most commonly asked questions and answers, in the DRP brochure.
Click here to read the DRP rules which provides more detailed information on its operation.
Contact the Unit Registry on phone 1300 778 468 or email email@example.com.