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| Rebate Offer |
4.0% (100%) |
| Minimum Initial Investment |
$10,000 |
| Expected Close Date |
Ongoing |
| Description |
The Cromwell Property Fund (CPF) is a diversified, open-ended, unlisted property fund and aims to provide tax deferred, monthly distributions from a $445 million and growing Australian property portfolio. |
| Product Disclosure Statement |  | Download Product Disclosure Statement (PDS) |  | Request Product Disclosure Statement (PDS) |
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Who is Cromwell?
Cromwell Property Securities Limited is the responsible entity of the Cromwell Property Fund (CPF) and is a member of the ASX-listed Cromwell Group. The Group is an Australian property trust and fund manager with a track record for developing high quality, high yielding investment products. They have in excess of $1.6 billion in assets under management and successfully service the property requirements of over 240 tenants throughout Australia.
The Cromwell Property Fund offers:
- Diversified portfolio of 11 properties across 5 States and Territories valued at $445 million3
- Attractive monthly distributions – since its commencement, the CPF has distributed not less than an annualised 8 cents per $1.00 unit1
- Up to 100% tax deferred distributions2
- Reliable income- 69 tenants, 83% of rental income from government and blue chip tenants and a 4.8 year weighted average lease term3
- Limited Monthly Withdrawal Facility
- Daily unit pricing - to better reflect the value of investors' holdings4
- Capital growth potential5
- Reinvestment option - to compound growth
- Minimum investment only $10,000.
The Cromwell Property Fund (CPF) is an open-ended, unlisted property fund which aims to deliver stable, tax deferred2, monthly distributions sourced from a diverse and growing portfolio of quality property assets. The fund invests in quality property assets utilising gearing and minimising risk through diversification.
The acquisition strategy for the CPF will be consistent with Cromwell's philosophy of acquiring properties that produce a stable income and have the potential for a capital upside.
Research:
The CPF has received a pleasing Recommended (Upper End) from Lonsec who highlighted:
• Internal property management team builds long term relationship with tenants.
• Cromwell achieved averaged total returns since inception of 18.6% pa for nine other syndicates.
The report concluded, "The CPF is one of the few unlisted property funds that can deliver both a pure property yield and give investors an exposure to relatively low risk value-add opportunities."*
Disclaimer:
(1) Past performance is not an indication of future performance.
(2) The proportion of distributions that are tax deferred is dependent on a number of factors (for example building amortisation and depreciation of plant and equipment) and will vary from year to year. Deferred tax may be payable, in whole or in part, on the sale, transfer or redemption of units in the CPF (ARSN 119 080 410).
(3) Figures at 30 June 2007.
(4) The Issue Price will remain at $1.00 (plus any accrued distributions) until the first 143 million units are issued.
(5) Capital growth is not guaranteed.
Units in the CPF are issued by Cromwell Property Securities Limited (ABN 11 079 147 809). Application for units can only be made on the application form in the Product Disclosure Statement (PDS) available from us. This document has been prepared without taking into account your objectives, financial situation or needs. Therefore, in deciding whether to acquire or continue to hold an investment in CPF, you should consider the PDS and assess, with or without your financial or taxation advisor, whether the product fits your objectives, financial situation or needs.
*The Lonsec Limited (“Lonsec”) ABN 56 061 751 102 rating (assigned October 2007) presented in this document is limited to “General Advice” and based solely on consideration of the investment merits of the financial product(s). It is not a recommendation to purchase, sell or hold the relevant product(s), and you should seek independent financial advice before investing in this product(s). The rating is subject to change without notice and Lonsec assumes no obligation to update this document following publication. Lonsec receives a fee from the fund manager for rating the product(s) using comprehensive and objective criteria.
| Fee Disclosure | | 2020 DIRECTINVEST will rebate 100% of the 4.0% entry fee on investments in the Cromwell Property Fund as additional units. 2020 DIRECTINVEST may receive a trailing commission of up to 0.25% pa. This trailing commission is paid by the fund manager and is NOT an additional charge to the investor.
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| Download Product Disclosure Statement (PDS) | | Request Product Disclosure Statement (PDS) | | Cromwell Property Fund Flyer | | PIR Independent Research Report | | Adviser Edge Independent Research Report |
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