Key Terms

• Investment Strategy of the Fund: The Fund offers fixed income returns secured by mortgages for an investment term of typically 1-4 years.
• Currency: Australian Dollars (AUD)
• Responsible Entity: Banner Capital Management Limited ACN 600 738 181
• Minimum Initial Subscription: AUD 500,000 (subject to Manager’s discretion)
• Additional Subscriptions: AUD 100,000
• Redemption Frequency: Investments are made for the term of the mortgage loan. Early redemptions are at the discretion of the Manger.
• Management Fees and Expenses: All returns to investors are net of fees and management fees are paid by the Borrower.
• Unit Pricing: There is no unit pricing as there are no “units” in the Fund. Members invest in all or part of an individual Sub-Scheme and own a portion of the sub-scheme.
• Eligible Investors: Wholesale Investors as defined in the Corporations Act who are not a ‘United States Person’ as defined in Regulations in the United States Securities Act 1933
• Taxation: Investors should seek their own independent taxation advice to understand the taxation risks associated with investing in the Fund.
• Reporting: Investment updates, distributions Statements and annual financial statements.
• Asset Valuations: All property valuations are undertaken by independent registered valuers appointed by the Manager, and comply with relevant industry standards.

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