Perpetual Credit Income Trust

The Perpetual Credit Income Trust (the Trust) aims to generate sustainable, regular income by investing in a diversified portfolio of credit and fixed income assets. The Trust targets a total return equal to the RBA Cash Rate plus 3.25% pa (net of fees)^ through the economic cycle.

Capitalised terms that are not otherwise defined on this webpage have the meaning given to them in the PDS.

^ This is a target only and may not be achieved

 

Important Investor Information

WHY INVEST?

MONTHLY INCOME

The Trust targets a total return equal to the RBA Cash Rate plus 3.25% pa (net of fees).* The Trust intends to pay income monthly. 


BENEFIT FROM PERPETUAL INVESTMENTS’ EXPERIENCE

Perpetual Investments is the Trust's investment manager. Perpetual Investments' Credit and Fixed Income Team has extensive experience and a consistent track record of performance. The senior portfolio managers have been investing together for over a decade. 


DIVERSIFICATION

The Trust will hold a portfolio of credit and fixed income assets diversified by asset type, credit quality, maturities, country and issuer. It is expected that the portfolio will hold approximately 50 – 100 assets. Many of these assets are not typically available to individual investors.


ACCESS TO DEFENSIVE ASSETS 

By investing in the Trust, you gain access to fixed income and credit assets – a defensive asset class which typically has a track record of low capital volatility.


DYNAMIC INVESTMENT STRATEGY

Perpetual Investments' investment process seeks to preserve capital and deliver repeatable returns. Its active investment strategy allows it to position the portfolio to address changing market and economic conditions.


ASX LISTED

Perpetual Trust Services Limited will apply for the Trust to be listed on the ASX to provide investors with liquidity.



* This is a target only and may not be achieved.



KEY RISKS


This website does not constitute an offer to invest in the Trust. All investments are subject to risk which means the value of investments may rise or fall, which means that you may receive back less than your original investment or you may not receive income over a given time frame. The key risks associated with investing in the Trust include ASX liquidity risk, investment risk, credit and default risk, credit margin risk, investment strategy risk, related party risk, legal and regulatory risk. Refer to section 7 of the PDS for a comprehensive summary of potential risks.


KEY OFFER DETAILS 


Perpetual Trust Services Limited (the Responsible Entity) is offering units in the Trust. The Offer price is $1.10 per unit. The Offer seeks to raise a minimum of $150 million and up to $400 million and may accept oversubscriptions to a further $40 million.

Important Dates

The Offer opens at 9.00 am (Sydney time) on 25 March 2019.

The General Offer, Broker Firm Offer and Cornerstone Offer closes at 5.00 pm (Sydney time) on 5 April 2019.

The Shareholder Priority Offer closes at 5.00 pm (Sydney time) on 18 April 2019.

Important Information

The Product Disclosure Statement dated 8 March 2019 (PDS) should be read in full before making an investment decision to apply for units. If you have any questions, you should seek professional advice to determine if this investment is appropriate for you. The PDS is issued by the Responsible Entity of the Trust.

Full details of the Offer are available in the PDS.

Capitalised terms that are not otherwise defined on this webpage have the meaning given to them in the PDS. 



General Offer

The General Offer is open to anyone with a registered address in Australia and New Zealand.

Find out more

 

Perpetual Limited Shareholder Priority Offer

The Perpetual Limited Shareholder Priority Offer is open to persons that hold shares in Perpetual Limited on the record date of 18 March 2019 and have a registered address in Australia or New Zealand.

Find out more

Perpetual Equity Investment Company Limited Priority Offer

The Perpetual Equity Investment Company Limited Shareholder Priority Offer is open to persons that hold shares in Perpetual Equity Investment Company Limited on the record date of 18 March 2019 and have a registered address in Australia or New Zealand.

Find out more

 

Broker Firm Offer and Cornerstone Offer

The Broker Firm Offer is open to persons who have received a firm allocation from their broker. The Cornerstone Offer is open to persons who have been directly invited to participate in the Offer. You cannot apply under the Broker Firm Offer or Cornerstone Offer through this website.

Key dates


 

 

Lodgement of the PDS with ASIC

8 March 2019

Offer opens (Opening Date)

25 March 2019

The General Offer, Broker Firm Offer and Cornerstone Offer (Closing Date)

5 April 2019

The Shareholder Priority Offers (Closing Date)

18 April 2019

Settlement

7 May 2019

Expected date of the allotment of units (Allotment Date)

8 May 2019

Expected date for dispatch of holding statements

8 May 2019

Trading of Units commences on the ASX

14 May 2019

Target first distribution date

30 June 2019


The above timetable is indicative only. The Responsible Entity reserves the right to vary the dates set out above subject to the Corporations Act and other applicable law.


COME TO AN INVESTOR EVENT


Perpetual Investments is holding a series of events to introduce investors to the Perpetual Credit Income Trust.

Register below to secure your spot.

Meet the representatives from the Credit and Fixed Income Team who will discuss:

  • the benefits of investing in credit and fixed income assets
  • the types of assets the Trust will invest in
  • the investment philosophy and process used by the Perpetual Investments' Credit and Fixed Income Team.

 


 

Event dates


CITY

DATE

TIME (LOCAL TIME)

VENUE

Perth

Tuesday 9 April

10.30am – 11.30am

Perpetual office, Level 29, 2 The Esplanade, Perth








REGISTER FOR AN INVESTOR EVENT


CONTACT US

Call 1300 778 468 (within Australia)
or +61(2) 9299 9621 (from overseas)
between 8.30am and 7.00pm (Sydney time)
Monday to Friday
Investor email support: perpetual@automicgroup.com.au

 

If you are uncertain as to whether an investment in the Trust is suitable for you, please contact your stockbroker, financial adviser, accountant, lawyer or other professional adviser. 

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.