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The Mariner Mortgage Trust has been designed with the primary aim of generating consistent and competitive income through traditional mortgage investments. It represents an appealing opportunitiy for investors looking for returns greater than cash as well as a high level of security.
The Mariner Mortgage Trust is an unlisted Australian unit trust which is a managed investment scheme. The Trust will invest mainly in a portfolio of registered first mortgages over a diversified selection of properties in Australian capital cities and major regional centres. It will also hold some cash.
The Mariner Mortgage Trust offers investors flexible investment choices and flexible distribution choices. In terms of its strategic approach, it will lend money to business and investment borrowers who will offer real property (i.e. residential, commercial, industrial and retail) as first mortgage security. The Trust will provide a regular monthly income stream and offer flexible choices for withdrawal and distributions.
Its diversification is a key feature, in that it helps protect the Trust from significant losses because it ensures risks are not concentrated with one particular borrower(s) or in one particular geographical area or type of property. Mariner invests the assets of the Mortgage Trust mainly in commercial mortgage loans, but also in short-term investments.
The Mariner Mortgage Trust has a strong performance record. To date, in just under 3 years of operation, the Trust has exceeded funds under management of $100 million, which brings Mariner's gross assets under management to over $800 million. Furthermore, interest rates on all commerial loans were increased since December 2006, and investors in the Mariner Mortgage Trust can expect this increase to have a positive effect on their investment. The retail units are currently returning an annualised yield of 6.32%.
| Fee Disclosure | | 2020 DIRECTINVEST will rebate 100% of the 0.3575% upfront commission as additional units. 2020 may receive a trailing commission of up to 0.40% pa. This trailing commission is paid by the fund manager and is NOT an additional charge to the investor. |
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