Key Terms

• Fund Size: The Fund size is open-ended, with no minimum or maximum amount to be raised.
• Currency: Australian Dollars AUD
• Fund Structure: The Fund is an unregistered managed investment scheme structured as a unit trust. The rights and obligations of the Trustee and Unit Holders are governed by the terms of the Trust Deed.
• Fund Term: There is no set term of the Fund.
• Maximum LVR: 75% of the valuation of the Security Property of each loan.
• Minimum Initial Investment: $100,000
• Additional Investments: $50,000
• Minimum Holding: $100,000
• Eligible Investors: 'Wholesale Clients' under the Corporations Act.
• Applications: Pursuant to the Application Form in the Information Memorandum.
• Distributions: The Trustee pays distributions of income to investors (after deducting fees and expenses of the Fund) semi-annually, in June and December.
• Redemptions: A minimum holding period of 12 months applies to Units. Unit Holders may redeem on 90 days' notice after the initial lock up period subject to available liquidity.
• Management Fees and Expenses: The Trustee is entitled to be paid out of the income of the Fund a Management Fee of 1.5% per annum (plus GST) of the Net Asset Value of the Fund.
• Reports: Investors will receive quarterly performance reports.

These key terms are not an exhaustive summary, and you should read the Fund’s Information Memorandum before deciding to invest in the Fund.