Redemption of units and opportunity to reinvest in Charter Hall Direct funds
Further to our communication on 28 July 2017 which accompanied the June 2017 quarterly update, please find below information to assist you to easily transfer your capital payment to another Charter Hall Direct investment.
The sale of the trust’s asset will provide investors with a redemption price of $0.88 per unit. This reflects a return of 6.6% p.a. since inception, or $1.34 of combined income and capital payments based on an initial $1.00 per unit invested. Of the $0.88 per unit total capital payment, investors will receive $0.80 per unit in August 2017 with the remaining $0.08 per unit expected to be paid to investors in early March 2018.
Continuing to invest with Charter Hall Direct
For those investors wishing to retain an investment in the unlisted property sector with Charter Hall Direct, you will be able to easily transfer your capital payment to another investment with us via a special Rollover Application Form.
Contact your financial adviser
If you are considering an investment in a Charter Hall Direct fund you should read the relevant PDS in its entirety and seek appropriate professional advice, including consulting a financial adviser.
Rollover Application Form
Email us to be sent a pre-filled personalised Rollover Application Form. Please provide your name, contact details and investor number if known. Completed Rollover Application Forms need to returned to us by 18 August 2017.
Funds open to investment
Click here to read more about Charter Hall Direct Industrial Fund No.4 - 6.5% p.a. income payable quarterly*
Click here to read more about Charter Hall Direct Office Fund - 6.25% p.a. income payable quarterly*
Coming soon: Charter Hall Direct PFA Fund - 7.25% p.a. income payable monthly*
* DOF yield based on the June 2017 quarterly distribution of 7.75 cents per unit (annualised) and a unit price of $1.24. To obtain current unit pricing visit www.charterhall.com.au/dofunitprice. DIF4 yield based on the forecast FY2018 distribution rate of 6.50 cents per unit based on $1.00 unit price. Distributions for future quarters may vary. PFA yield based on forecast distributions of 7.25% per annum over the forecast period, being 1 July 2017 to 30 June 2018. PFA forecast distributions are based on the properties in the portfolio and units on issue as as the date of the PDS.
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 144 Stirling Street Trust (‘CHIF8’) which, in accordance with CHIF8's Constitution, are calculated by reference to the value of the assets of CHIF8. Entities within the Charter Hall Group may also receive fees for managing the assets of, and providing resources to, CHIF8. For more detail on fees, see the Fund’s product disclosure statement. To contact us, call 1300 652 790 (local call cost).
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For enquiries regarding the management of a fund. This includes a funds performance, strategic direction, property portfolio holding and new investment opportunities.