Voluntary Redemption Offer: 1 to 31 March 2023

Plantation Capital Limited (PCL), as the Responsible Entity of the Passive Income (USA Commercial Property) Fund (ARSN 155 770 095) (the Fund), is making a voluntary Redemption Offer (Offer) pursuant to section 601KB of the Corporations Act 2001 to its Unitholders.

The Offer will open on 1 March 2023

If you wish to participate in the Offer for some or all of your Units, then please complete a Redemption Form that can be downloaded here.

Your completed Redemption form must be emailed to admin@passiveincomefund.com or mailed to our office at PO Box 532, Canterbury VIC 3126 by no later than 5.00 pm AEST on 31 March 2023 when the Offer closes.

A summary of the Redemption Offer key dates is:

Date Description
1 March 2023 Redemption Offer Opens
31 March 2023 Redemption Offer Closes at 5.00 pm AEST
21 April 2023 Redemption payments credited to Unitholders’ bank accounts

The Offer will be funded with cash holdings of the Fund.

PCL has allocated an amount of AUD$5.0 million from Fund assets for the purposes of this Offer. If the amount allocated to the Offer is insufficient to satisfy all Redemption requests, then all Redemption requests will be honoured proportionately in accordance with the following formula as set out in section 601KD of the Corporations Act:

Amount of money payable to Unitholder = (Amount of money available x (Amount of money Unitholder requested to withdraw / Total of all amounts Unitholders requested to withdraw))

PCL has determined that if a redemption request results in the aggregate redemption value of a Unit Holder’s remaining Units being less than the minimum holding amount determined by PCL, then we may treat the redemption request as relating to the Unitholder’s entire Unit Holding.

If you have any questions, please email admin@passiveincomefund.com or contact Steve McKnight on (03) 8592 0270 between 10am and 4pm, Monday to Friday (leave a message and call back number if required).

General Advice Warning: This information is of a general nature only and does not take into account your objectives, financial situation or needs. You should consider the Product Disclosure Statement (dated 4 July 2018) issued by Plantation Capital Limited ACN 133 678 029 AFSL 339481 in deciding whether to acquire an interest in the Passive Income (USA Commercial Property) Fund. PropertyInvesting.com Pty Ltd is an authorised representative of Plantation Capital Limited ABN 98 096 059 353, AFSL 339481. Past performance is not a guarantee of future performance.