8/4/2019 Prime Retirement & Aged Care Property Trust PDS 2003 Supplementary http://slidepdf.com/reader/full/prime-retirement-aged-care-property-trust-pds-2003-supplementary 1/20 PROPERTY RUST Higtryielding secured irect property nvestment. I009i/oax advantagedistributions & HE PRIME GashDistributions from 10.0o/o" PaidMonthly . LargestPropertyrustof itnskind . Estalrlished001 ' Singlepurpose assetclass . LongTerm eases 20years) established perations y' Income is paid monthly rdR't""rsx r' Suitable or both private nvestorcand Super Funds / Noentryfees r' lnvest rom ust $10,000 The PrimeRetirementndAgedCareProperty rusthasbeencreatedofacilitate edicated investmentn oneof Australia'sastedgrowing roperty ssetclasses retirement nd agedcare facilities. It is the objective f the rust o grow he undwith urtheracquisitionss deemed rudent y the DirectorsftheResponsiblentity ndas such eturns ndyieldsmayvary. Anyone ishingo apply or Units n he rustmust ompleteheapplicationormn theProduct isclosuretatementated {tth ugust 003. oobtainmore informationontact itherNeilBurnardr rineKlar lEIKEbbel -t rnvestmentBanx Level75 1132 rthur Street North Sydney NSW 2060 Ph:029$290900 Fax:0299290988 e-mai tingEl@lrebbel. o_ln.u www.{ebbel. om.au Kebbel has comp ed this document as an information summary only. Thissummary document does not form part of the pDS or the Prime Retircment and Aged Care Prcperty Trust, Investors must read and rely on the Produd Dlsdoser Document when making a decisionto invest. Distriibutions
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Prime Retirement & Aged Care Property Trust PDS 2003 Supplementary
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8/4/2019 Prime Retirement & Aged Care Property Trust PDS 2003 Supplementary
It is the objective f the rust ogrow he undwith urtheracquisitionss deemed rudent y the
Directorsf theResponsiblentity ndas such eturns ndyieldsmayvary.
Anyone ishingo apply or Units n he rustmust ompleteheapplicationorm ntheProduct isclosuretatementated {tth ugust 003. oobtainmoreinformationontact itherNeilBurnardr rineKlar
Kebbel has comp ed this document as an information summary only. Thissummary document does not form part of the pDS or thePrime Retircment and Aged Care Prcperty Trust, Investors must read and rely on the Produd Dlsdoser Document when making adecisionto invest.
Distriibutions
8/4/2019 Prime Retirement & Aged Care Property Trust PDS 2003 Supplementary
Income Distr ibut ionsMonthlyncome istributionshownas cenlts erunit,whichcontinue o be lQQo/oax advantaged,ogeilrerwithanaccumulatedannualised ercentage*eturn reas follows:
Theslightall nyield inceNovember003 n hepreviousquader assince ormalisedssetilementn urtheracquisitionsuch s heBuderimevelopmr=ntoes hrough.
Capital Raised o DateTotal apitalnvestmento date asat g July04) s$s7.s2mill ion ithanaveragenflow f$4.5mill ion ermonth. hetotal ebtof heTrustscurrently39.Smill ironndcash s at$7.3mill ion endingettlementsn heBuderimndSunburypropertiesseebelow).
New Property Acquisitions- BuderimTheBuderim roperty assettled n30April. ince hen t hasbeenaptly amed uderim
ardens etirementil lageo bemanaged y heDirectorsf he Responsibl,entity.t sprojectedhat ncomerom he Buderim roperly illdouble re-acquisitionotalpropertyncomen henext woyears, ushingoverall ieldsntodouble igit igures.
ThePrime etirementAged are ropertyrustARSN 37514746'Supplementary roductDlsclosure tatement
To be read nconjunctionihThePrimeRetirementAgedCarePropertyrustProduct isclosuretatEmentdated5 August 003
1. THEPROPERTIES
Montclaire
Theacquisitionf the Montclaireacility idnotproceed ecause rctTttT'rercialermsbetweenthe elevant arties;ould otbe agreed.
TheTrusthasnowacquired further ropertynown s Buderim ardensRetirementiillage.
BuderimGardensRetirementi l lage
BuderimGardenswas purchasedor $23 million luscostsand s;ettledn 30thApril2004.The 62 acrepropertys 2 kilometresnlandromMooloolabandcomprises 00 housesn a
rainforeststate.
Buderims located92 km northof Brisbane n the mountains,ehind aroochydorendCaloundra.
The Retirement 'illage il lbe managed nd not leasedwhich s expectedo achie've etincomenexcess cf 3 million rth noverall ield xpectedobe n double igit igures.
An associatednlityof twoof the Directors f theResponsiblentitynamelyWilliam-ewski
and Knsmanaques),s responsibleor themanagementf the Rretirementillage ursuant
to a Management,Agreement.
In additionhe Rersponsiblentity as enteredntocontracts;o ac:quirehe balance f land
annexed o the f?etirement llage or $2.4 million lus costs and intends o developa
substantialgedCare acility n he andwhichwill omplimentheRt:tirement llage.
APNRetirement roperties und APNFund)
In 2OO3 he Trust made a scrip based takeoverbid f,or the,APN Fund which was
unsuccessful.
TheBoard as es;olvedo consider newbid or heAPNFundn hecominginancialtear.
2 . REDEMPTIONF UNITS
TheResponsiblentity asamendedhe Constitutionf the Trust o allow or redemptionf
units yunitholders.
Investmentsn threTrustmay be redeemed t any time b'ygivingnotice n writing o theResponsiblentitl. Redemptionillbe madewithin 1 daysafter he end of the monthof
receipt f thenotir:ef there resufficientiquid ssets n heTrusto make he edemption
8/4/2019 Prime Retirement & Aged Care Property Trust PDS 2003 Supplementary
To be read n conjunctionwithThe Prime Retirement& Aged Care PropertyTrustProductDisclosureStatement
dated 15 August2003
paymentn full. lf thereare not sufflcientiquid ssetswithinhe Trusto satisfy llreOemptionequestsn a givenmonthhe Responsibleltiqfwilldetermine hethero make
a proportionalalrment o-each
of the redemptionequestete:sr tc,defer edemptionntil he
toitowingmonth. The Responsible ntitymay also withrdrawhe redemptton ffer at its
discretion.
The redemption,rice f eachUnitwillbe the NetTangible,Assetalue f the Unit essany
transactionosts ncluding5o/oedemptionee.
Thepaymentf your edemptionanbe:
o fftade ya chequehat s sent oyourpostal 66rsss,3l '
e depositedoyournominatedccount t a bank r otherinancialnstitution.
Up o twobusine:rsaysshould e allowedor electronicransfers;o yourbankaccount nd
up o three usinerssays or an electronicransferoyourcredit nrionccount.
o gtipulatetreamount, r number f units ouwish o redeelm nd howyou would ike
tobepaid
. includeourdaytimeelephoneumber
c ?ndsignY'ourequest.
3. CUSTODIANSHIP
pursuanto the e:xpiry f the nitialermof theCustody greement ithStateTrustees tdon
13 July 2OO4he'Responsible ntitywillac t as its ownCustodiann accordanceithand
prrruaht o its Arustralianinancial eMcesLicenceermsandcrcnditions.ccordingly ith
effect rom13JulY 004'.
TheResponsiblentity ill old itle o thePropertiesnbehalf f theTrust;
All referenceso the "Custodian"n tre PrimeRetirement l\ged Care PropertyTrustproductDisclosure tatement ated 15 August2003will nowbe deemed o refer o the
Responsiblentilywhere he contexteferso ttreholding f tiueandcustody f Trustassets
includingheProPlerties;nd
Al l referenceso StateTrustees ctngas Custodianr to the Custody greementetween
the Responsiblentity ndStateTrustees reno onger pplicable.
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8/4/2019 Prime Retirement & Aged Care Property Trust PDS 2003 Supplementary
The PrimeRetiremernt Aged CarePropertyTrustARSN 37514746SupplementaryProduct DisclosureStatement
To be read n conjunctionithThePrimeRetirementAgedCarePropefty rustProductDisclosure tatement
dated 5August 003
4. FACILIT\T ANAGEMENT
The Responsiblerntityhas determined ecauseof marketc()nditions nd in order tocontinue roMh lnd reduce ts dependencen one Licerrseehat t mayneed o enter ntoManagementgreements ithparties ther han Primelifen ceilaincircumstancesor themanagementf its facilities.Accordingly,ot all Propertie:; il lbre he subject f lottg ermmanagementnd lease contracts etween rimelife orporatiorrimited s manager ndlessee nd he Responsiblentity.
An associated ntityof twoof the Directorsnamely,William evleki nd KnsmanJaques),
of the Responsiblentitywith he requisitexpertiseasbeenest;ablishedor thepurpose f
actingas Manager f someof the Properties.OtherManagers re also o be consideredwhereappropriate.
UnderManagementgreementshe Trustearnsal l the operationalncome ess any eespayable o the tVlanager.ncome arnedby the Trust s expectedo be greaterunderaManagement greement. However here is no certainty f ia fixed paymentundera
Managementgreements opposedo a Lease.
In addition, he Trust is likely o generatedevelopnrentrofit by undertaking sset
enhancemento existingacilities r sites n circumstancelshere he Responsible ntity
considerst o be or the ong erm uture enefit f thehighes;tndbestuseof tsproperrties
8/4/2019 Prime Retirement & Aged Care Property Trust PDS 2003 Supplementary
To be read n conjunctionithTh ePrimeRetirement,AgedCarePropertyrustProduct isclosuretatement
dated15August 003
ASSUMPTIONSOTHEPROJECTEDISTRIBUTIONTA.TEMENT
The Responsible ntity's istributionrojectionsavebeenprepared n thebasisof 'various
assumptions.nv'estorshould ppreciatehatmany actorswhichmayaffect esultsmaybeoutside he controlof the Responsiblentity r maynot be capable f being oreseenoraccuratelyrediclled. s such, ctualesultsmaydiffer rorn hese rojections.
Themoresigniflcantssumptionsreoutlinedelow-
1. Income r,omhe propertiesandunitsn heAPNF:undn F'ro-Formatatements)re
calculatedln accordance ith he Managementgrr:ementsr Leasesentered nto
by he Re:sponsiblentity.Z. (i) Tl-reMontclaireacility asnotacquired er:ause 1[ nacceptableommercial
terms.
(ii) Tl^reHeathglen ursingHorneagreement as been renegotiated nd is
subject to a development greementvrith F'rimelifeand will derive