The Banner Ebisu Income Fund is a pooled, managed investment scheme for wholesale investors. The fund invests in mortgages and other forms of property-related debt, including investments into BWFIIF sub-schemes. As a pooled fund, the investor has a share of the fund’s assets but no interest in a specific asset. Investors are paid returns calculated across the fund’s investments.
The Fund is an unregistered managed investment scheme structured as an a unit trust. Investment in the Fund is limited to Wholesale Investors. The Fund provides Unit Holders with income returns by acquiring investments in Australian property debt and mortgage securities, including interests in other managed schemes operated by the Trustee.
The Fund will invest in ‘Authorised Investments’ comprising mortgages, but may also invest in other funds where the investment is secured by first mortgage, and cash.
The key terms are not an exhaustive summary and you should read the Fund’s Information Memorandum before deciding to invest in the Fund.
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