Fund closed to new applications and redemptions
The Fund offers investors a steady and attractive tax deferred income distribution, paid monthly, of between 7.5% to 8.5% per annum and capital stablity on invested funds.
The Fund is an open-ended unlisted trust which substantially invests into unlisted and listed property trusts managed by a range of quality property fund managers.
As at 31 October 2008, the Fund size was circa $83 million, providing investors with indirect exposure to:
- 24 unlisted property funds
- 24 listed property trust
- 27 different property fund managers
- 4 property sectors
- almost 2,300 underlying property assets.
The Fund has two classes of units on issue:
- Income Units, which are issued to new investors into the Fund
- Ordinary Units, which were issued to the ASX listed Multiplex Acumen Property Fund (MPF) as consideration for providing the Fund's $30.1 million seed investment portfolio.
Key Features
- Secure income return, paid monthly
- Capital stability
- Tax deferred income returns
- Unique income and capital protection measures
- No direct mortgage or property development exposure
- Strong diversification
- Experienced manager with strong track record
- No management fees, entry fees or exit fees
Key Information
|
| Open date: |
13 March 2007 |
| Closing date: |
29 September 2008 |
| Funds under management*: |
$83 million |
| Current month distribution yield: |
8.5% |
| Distributions: |
Paid monthly |
| Management fee per annum: |
Nil, for as long as Brookfield Multiplex Capital remains as responsible entity |
| Operating expenses: |
Nil |
| APIR Code: |
MLP0002AU |
* As at 31 October 2008
Important Notice:
Past performance is no indication of likely future performance. All figures are unaudited unless otherwise indicated.