PDS Update

Perpetual Credit Income Trust ARSN 626 053 496

Website Update Notice

3 April 2019

 

 

THE PERPETUAL CREDIT INCOME TRUST GENERAL OFFER, BROKER FIRM OFFER AND CORNERSTONE OFFER WILL BE CLOSED FROM 5PM (SYDNEY TIME) FRIDAY, 5 APRIL 2019

 

Perpetual Trust Services Limited (RE) in its capacity as responsible entity of the Perpetual Credit Income Trust (Trust) refers to the initial public offering of units in the Trust under the Product Disclosure Statement dated 8 March 2019 (PDS).  Unless otherwise defined, capitalised terms in this document have the same meaning as given to them in the PDS.

 

The RE is pleased to announce that it has received strong demand for units under the initial public offer of the Trust and expects to receive subscriptions in excess of $440 million, being the Maximum Subscription plus Oversubscriptions of $40 million.  As a result, the Manager has recommended to the RE to exercise its discretion to accept applications by way of Oversubscriptions above the Maximum Subscription.  The RE intends to exercise its discretion to accept Oversubscriptions.

 

Given the level of demand, the RE has exercised its discretion to close the General Offer, the Broker Firm Offer and the Cornerstone Offer as at 5pm (Sydney time) on Friday, 5 April 2019.  The Shareholder Priority Offers will remain open and is expected to close on Thursday, 18 April 2019.

 

To be eligible for an allotment of units under:

 

  • the General Offer, investors intending to apply under the General Offer should ensure their completed General Offer Application Form is received by 5pm (Sydney time) on Friday, 5 April 2019.

     

  • the Broker Firm Offer, investors intending to apply under the Broker Firm Offer should contact their Broker for further information.

 

It is noted that as disclosed in the PDS, the RE has the right to close the Offer early (generally or in particular cases) without notifying any recipient of the PDS or any applicant. 

 

Further details of successful applications under the General Offer, Broker Firm Offer and Cornerstone Offer will be made available after the entire Offer closes, which is expected to be on Thursday, 18 April 2019.

 

This document is prepared by Perpetual Investment Management Limited (ACN 000 866 535 AFSL No. 234426) and is issued by Perpetual Trust Services Limited (ACN 000 142 049 AFSL No. 236648) the responsible entity and the issuer of the units in the Perpetual Credit Income Trust (ARSN 626 053 496). This document has been prepared without taking account the objectives, financial situation or needs of individuals. Before making an investment decision about the Trust persons should read and consider the PDS carefully and in its entirety, consider the appropriateness of the information having regard to their objectives, financial situation and needs, and obtain advice from an appropriate financial adviser. The PDS is available at www.perpetualincome.com.au. Perpetual Trust Services Limited and Perpetual Investment Management Limited do not guarantee investment performance or distributions, and the value of your investment may rise or fall.


The information on this website has been prepared by Perpetual Investment Management Limited ABN 18 000 866 535, AFSL 234426 (PIML) and issued by Perpetual Trust Services Limited ABN 48 000 142 049, AFSL 236648 (PTSL), which is also the responsible entity and the proposed issuer of units in the Perpetual Credit Income Trust (the Trust). 

The information contained in this website is general information only, is not financial advice, and has been prepared without taking into account your objectives, financial situation or needs.  You should consider the product disclosure statement of the Trust dated 8 March 2019 prior to making any investment decisions in relation to the Trust.  If you require financial advice that takes into account your personal objectives, financial situation or needs you should consult your licensed or authorised financial adviser. 

Neither PIML nor PTSL guarantees the repayment of capital or any particular rate of return from the Trust.  Neither PIML nor PTSL gives any representation or warranty as to the currency, reliability, completeness or accuracy of the information contained on this website.  To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. Past performance is not a reliable indicator of future performance.