Fund closed to new applications and redemptions
Multiplex Diversified Property Fund (Fund) is an open-ended, unlisted unit trust that is a registered managed investment scheme.
On a look-through to the Fund’s investments, a high level of diversification is provided, including access to 30 managers, 5 property sectors, and 47 listed and unlisted property trusts, providing exposure to almost 3,000 properties located throughout the world.
DRP and Regular Investment Plan
Further to our advice to investors on 17 December 2008, Brookfield Multiplex Capital Management Limited (BMCML) has resolved to temporarly close the Fund to applications and redemptions. This means that the distribution reinvestment plan, DRP, and regular investment plan is also suspended to all unitholders (except those who had informed us of their desire to participate in the DRP or regular investment plan as at 31 December 2008) until further notice.
Key Information*
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|
Open Date:
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19 March 2007
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| Close Date: |
17 December 2008 |
| Fund size: |
$33 million
|
Minimum initial investment:
|
$10,000 for a direct investor. No minimum for an indirect investor.
|
Minimum additional investment:
|
$1,000 for a direct investor. No minimum for an indirect investor. |
| Distributions |
Paid Quarterly |
Management Expense Ratio (MER):
|
0.815% (GST inclusive) comprising:
a) A management fee of 0.615% (not charged where the Fund invests into other Brookfield Multiplex Capital managed funds); and
b) Expense recoveries of 0.2% p.a. of the Fund gross asset value.
|
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Contribution fee:
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4.1% (GST inclusive) on direct investments. Nil on indirect investments. |
Commission payable:
|
Yes |
*as at 30 September 2009
Performance
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| Income distribution (CPU)1: |
0 |
| NTA per unit ($)2: |
0.40 |
| Unit price3: |
0.3109 |
| Fund return since inception (%)4: |
-32.0 |
1 Distribution payable in cents per unit for the period 1 July 2009 to 30 September 2009.
2. Net Tangible Asset (NTA) value per unit as at 30 September 2009 (unaudited).
3. Ex-distribution unit price at 31 March 2009 for an indirect investor (no contribution fee).
4. Internal rate of return (pre-tax) from Fund inception, based on a unit price at $1.00 per unit at inception.The total annualised return for the Fund for the period from Fund inception to 30 September 2009.
Past performance is no indication of likely future performance. All figures are unaudited unless otherwise indicated.