I’m pleased to advise that the ATO has approved the Fund’s application to move its financial year end from 1 July – 30 June to 1 January – 31 December. This change allows our Australian and US operations to share a common year end and is expected to ease administration complexities and facilitate business efficiencies,…

I’m pleased to announce that following on from the recent redemption offer a very limited amount of capital is now available for new and top up investments. If you would like to find out more then please register your interest here to receive an information pack that contains the supplementary PDS, PDS and appropriate application…

The first redemption period is now over. A total redemption request of 2,565,012 units was received. It is expected that all redemptions will be fully funded and that investors will receive their funds via EFT on approximately 27 November 2015. Units redeemed will be cancelled and a limited number of new units will be made…

Our first voluntary redemption period is now open, and will remain so until 5pm on 30 October 2015. More information about the redemption process can be found here: https://www.passiveincomefund.com/redemption/ $4m has been set aside for redemptions, which is in excess of 100% of the expressions of redemption interest received. This redemption will open up a…

I’m pleased to advise that we closed on our latest acquisition overnight – a 3-building industrial flexible property in Naples, Florida. The purchase price was $1.32m, a 11.99% discount to the initial asking price of $1,499,900. More information about the property can be found here: https://www.passiveincomefund.com/portfolio/westview/

Following a late rush to beat the 31 July deadline the Fund has now become oversubscribed. Unfortunately for some, we will have to return money for those who were unsuccessful in applying for units due to the cap being achieved. It is expected that monies will be returned by the end of this week for…