Distribution Reinvestment Plan

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:

  1. complete and lodge the DRP Electronic Election by logging into your online account at https://investor.automic.com.au; or
  2. 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.

DRP RULES

Click here to read the DRP rules which provides more detailed information on its operation.

Enquiries

Contact the Unit Registry on phone 1300 778 468 or email perpetual@automicgroup.com.au.


The Distribution Reinvestment Plan (DRP) rules and the DRP Outline and FAQ were prepared in May 2019.

This page contains an overview of the Distribution Reinvestment Plan (DRP). It does not contain the full terms of the DRP. It is recommended that you refer to the full details of the DRP on this website before making a decision to participate. The website has been prepared for general information purposes only and whilst every care has been taken in relation to its accuracy, no warranty is given or implied. Further, you should consider obtaining professional guidance from your stockbroker, solicitor, accountant or other professional adviser if you have any questions about any of the matters contained in this DRP. Perpetual Trust Services Limited ACN 000 142 049 AFSL 236648 does not guarantee or warrant the future performance of the Perpetual Credit Income Trust ARSN 626 053 496 (Trust), the return on an investment in the Trust, the repayment of capital or the payment of Distributions.

Disclaimer to New Zealand Unitholders

This DRP does not constitute a New Zealand product disclosure statement or other disclosure document and has not been registered, filed with or approved by any New Zealand regulatory authority under or in connection with the Financial Markets Conduct Act 2013 (NZ). Participation in New Zealand in the DRP is open only to persons to whom financial products may be offered in New Zealand pursuant to the Financial Markets Conduct (Incidental Offers) Exemption Notice 2016 (or any replacement of that notice).

The taxation treatment of Australian financial products is not the same as for New Zealand financial products. The offer of Units under the DRP may involve a currency exchange risk as they will be quoted on the ASX in Australian dollars.

If you are uncertain about whether this investment is appropriate for you, you should seek the advice of an appropriately qualified financial adviser.