How do I invest in Charter Hall Long WALE REIT?
Charter Hall Long WALE REIT is listed on the Australian Securities Exchange (ASX) under the stock code “CLW”, so you can buy Securities just like you would buy shares – through your adviser, stockbroker or an online broker. If you do not already have a broker you can call the ASX Broker Referral Service on 1300 300 279 or go to their website www.asx.com.au.
What is the Long WALE REIT?
Long WALE REIT is an Australian Real Estate Investment Trust (“REIT”) listed on the ASX and established to invest in high quality Australasian real estate assets that are predominantly leased to corporate and government tenants on long term leases.
The REIT comprises of 66 properties independently valued at $1,253 billion1 with a weighted average capitalisation rate (“WACR”) of 6.4%2, a weighted average lease expiry profile (“WALE”) of 12.5 years3 and 100% occupancy4. The portfolio is diversified by geography and real estate sector, containing office, industrial, and retail properties located in six Australian states.
1. Independent Valuation as at 30 June 2016 except Woolworths Distribution Centre, Dandenong which is as at 17 December 2015 on a lease commencement basis and Coles Distribution Centre, Truganina which is as at 5 July 2016 (REIT ownership interest).
2. Weighted by Independent Valuation (REIT ownership interest).
3. As at 30 June 2016, weighted by gross passing income (REIT ownership interest) except Woolworths Distribution Centre, Dandenong which is at lease commencement.
4. Assets leased to ALH Group.
What is the value of my investment?
As the Securities of Charter Hall Long WALE REIT are listed on the ASX, their value can change throughout the day. To calculate the value of your investment, simply multiply the number of Securities you hold by the current Securities price. Your number of Securities can be found on your latest distribution advice or CHESS statement, or via contacting the unit registry, and recent Securities prices are available at Security Price, the ASX website at www.asx.com.au or in most major metropolitan newspapers.
What is the difference between a dividend and a distribution?
Dividends are paid to shareholders by companies out of their profits. Distributions are paid to investors by trusts, such as the Charter Hall Long WALE REIT. Distributions are usually made up of income – for example, rental income – and may also include a capital payment to investors – for example, if a property was sold.
When are distribution paid?
Distributions are payable quarterly and received by Securityholders within two months following the end of each distribution period, being the quarters ending 31 March, 30 June, 30 September and 31 December each year.
The REIT’s first distribution is expected to be for the period from Allotment to 31 December 2016. Thereafter distributions will be paid quarterly. The first quarterly distribution period will commence on 1 January 2017 and end on 31 March 2017.
Can I reinvest my distributions?
No, investors cannot currently reinvest their distributions in the Long WALE REIT.
How do I have payments paid directly to my bank or building society?
You can receive your distribution payment efficiently and safely by having it direct credited to your Australian or New Zealand bank account. If you are an individual holder you can update your details online using the Securityholder Login facility. All other issuer sponsored investors (joint holder, companies, etc.) need to complete and sign the request credit of payment form and forward by mail to the unit registry. This form is available from the registry or by signing into the Securityholder Login facility. Please note the account cane provided must be in the name of the registered Securityholder.
Do I need to give you my tax file number?
You are not required by law to provide us with your Tax File Number of Exemption. However, if you do not provide your TFN or Exemption, withholding tax at the highest marginal rate, may be deducted from your distributions. If you have not supplied this information and wish to do so, please contact the registry or your sponsoring broker or use the Securityholder Login facility to download the TFN form.
How can I choose to receive investor communications electronically?
If you have internet access, you can elect to receive your distribution advice, Notice of Meeting, proxy forms, Annual Reports and annual taxation statements online. This ensures we are providing you with information you need in the fastest, most cost effective manner possible, whilst reducing our environmental impact. Because security and privacy details are important, you will always be emailed a link to a secured, encrypted website rather than receiving any attached documents via email. If you wish to set up this facility, you can do so by signing in the Investor Login facility or contact the Registry directly for a form to complete.
When will I receive my annual tax statement?
A tax statement for the tax year to 30 June is mailed to all unitholders who have held an investment in the Stapled Trusts during that tax year. The tax statements are mailed approximately seven weeks after 30 June each year. The tax statement summarises the distributions paid during the year and includes information required to complete your annual tax return. To view and download your tax statement use the Securityholder Login facility available on this website. You will need you SRN or HIN along with your surname and postcode to log in.
How to make a complaint?
Any security holder wishing to lodge a complaint should do so in writing and forward it to Charter Hall Group at the address shown in the Directory. Charter Hall Group is a member of the Financial Ombudsman Service (FOS), an independent dispute resolution scheme which may be contacted at:
Financial Ombudsman Service
GPO Box 3 Melbourne VIC 3001
Phone: 1300 780 808
Fax: +61 3 9613 6399
Capitalised terms used but not defined on this website have the meaning given to them in the Charter Hall Long WALE REIT Product Disclosure Statement dated 27 September 2016 and the Supplementary Product Disclosure Statement dated 27 October 2016.
This information has been prepared by Charter Hall WALE Limited ABN 20 610 772 202 AFSL 486721 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.
Charter Hall WALE Limited does not receive fees in respect of the general financial product advice they may provide, however entities within the Charter Hall Group will receive fees for operating the stapled trusts comprising the Charter Hall Long WALE REIT (Stapled Trusts) which, in accordance with the constitutions, are calculated by reference to the value of the assets of the Stapled Trusts. Entities within the Charter Hall Group may also receive fees for managing the assets of, and providing resources to the Stapled Trusts. For more detail on fees, see the Product Disclosure Statement. To contact us, call 1300 365 585 (local call cost).
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