Redemption of units in the Direct Industrial Fund and opportunity to invest in Long WALE REIT
In October 2016 DIF investors received communications regarding the redemption of units for cash and opportunity to make an investment in the Charter Hall Long WALE REIT, and the following key dates.
Important information: All dates are subject to change. Capitalised terms used but not defined on this page have the meaning given to them in the LWR PDS dated 27 September 2016.
Notice of Meeting and Explanatory Memorandum
On or around 25 July 2016 investors received a Notice of Meeting and Explanatory Memorandum in relation to the fund. Click here for further information, including the results of the meeting.
Change to the hardship redemption policy
Charter Hall has previously informed investors that relief was granted from the Australian Securities & Investments Commission (ASIC) to pay qualifying hardship redemptions to investors suffering financial hardship. Unfortunately, ASIC has now informed the fundthat from 22 October 2013 it will no longer provide such hardship relief despite the responsible entity's submissions that it should remain. To apply for hardship redemptions while the option is still available, please go to the fund's downloads page.
Closed for investment
With strong support from investors and their financial advisers, DIF1 closed for investment on 31 July 2012 oversubscribed relative to the initial total offer amount of $110 million.
DIF1 completed the acquisition of its seventh and final asset, the Electrolux Home Products Distribution Centre in South Australia, in late 2012.
DIF1 is well positioned to provide investors with solid total returns over the fund's life. Given the positive fundamentals of the sector and strong investor interest, Charter Hall launched a second, similar industrial fund, the Direct Industrial Fund No. 2, which is currently open to investment.
This information has been prepared by Charter Hall Direct Property Management Limited ABN 56 073 623 784; AFSL 226849 (‘CHDPML’) for information purposes only. This website is not an offer to sell or a solicitation or an offer to subscribe or purchase or a recommendation of any securities referred to herein and the information has not taken into account any potential investors' personal objectives, financial situation or needs. Before investing, you should consider your own objectives, financial situation and needs or you should obtain financial, legal and/or taxation advice.
CHDPML does not receive fees in respect of the general financial product advice they may provide, however they will receive fees for operating Charter Hall Direct Industrial Fund (‘DIF1’) which, in accordance with DIF1’s constitution, are calculated by reference to the value of the assets of DIF1. Entities within the Charter Hall Group may also receive fees for managing the assets of, and providing resources to DIF1. For more detail on fees, see the fund’s product disclosure statement. To contact us, call 1300 652 790 (local call cost).
Registry (fund administration) - Boardroom
For enquiries regarding your personal holding in a fund. This includes account balances, unit price and distribution enquiries, requesting a statement, changing contact details and assistance with investor online facilities. Please have your investor number (as shown on your distribution statements) ready to quote.