Important information
At a meeting on 22 April 2010, Macquarie Cash Management Trust (Macquarie CMT) unit holders approved a Proposal to convert their investments in the Macquarie CMT into an at-call Cash Management Account (CMA) with Macquarie Bank Limited (MBL).
The conversion is scheduled to take place on the weekend of 31 July 2010.
To find out more about the conversion, please visit http://www.macquarie.com.au/cmtvote
The Macquarie Cash Management Trust (CMT) is Australia's first and largest retail cash management trust. Offered by Macquarie Investment Management Limited, it combines a higher rate of interest than is paid on most everyday bank accounts with a range of flexible features to assist in managing and monitoring investment cashflow.
| Features |
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Entry fee
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NIL |
Exit fee
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NIL |
Account keeping fee
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NIL |
Estimated management expense ratio (MER)
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1.10% pa.
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Income paid
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Quarterly at the end of January, April, July and October
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The Macquarie Cash Management Trust invests your money in high quality, short-term bank-backed securities and has a AAAm credit rating from Standard & Poor’s. Benefits of a Macquarie CMT account include:
- better interest than an everyday bank account
- easy access to your money
- the security of a AAAm credit rating from Standard & Poor’s
- detailed reporting (including an annual summary of your income)
- no entry, exit or account keeping fees#
The Macquarie Cash Management Trust enables you to monitor and manage your investment cashflow with a range a number of convenient features, including:
- 24 hour internet and telephone banking
- pay bills using BPAY® or direct debit
- transfer funds electronically to nominated accounts
- make deposits at any National Australia Bank branch
- optional cheque book facility (100 Point Check applies)
- automatically transfer salary and dividend income into your account
- automated share settlement facility
- detailed and itemised statements
| Fee Disclosure | | 2020 DIRECTINVEST may receive a trailing commission of up to 0.25% pa. This trailing commission is paid by Macquarie Investment Management Limited and is NOT an additional charge to the investor.
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# Government, management and chequebook charges may apply.
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