Second Industrial Trust (Closed to Applications)

Fund Details 

About the Trust

The Responsible Entity has presented a proposal dated 26 April 2013 for the consideration of investors.

The Proposal, if approved, will see your investment in the Australian Unity Second Industrial Trust (Trust) merge with the Australian Unity Office Property Fund (Fund). The Responsible Entity recommends investors vote in favour of the Proposal. 

Key benefits of the Proposal include:

• the ability to continue an exposure to the property market via an investment in the Fund;
• the opportunity to apply to realise all or part of your investment via an initial $5.7 million capped withdrawal offer;
• the opportunity to defer any Capital Gains Tax on your investment in the Trust should you continue your investment in the Fund by opting for scip for scrip rollover relief;
• a higher forecast distribution and total return for the financial year to 30 June 2014 compared to a continued investment in the Trust; and
• lower management fees. 

For full details of the Proposal, please read the Explanatory Memorandum dated 26 April 2013 and the Office Property Fund Product Disclosure Statement (PDS) dated 2 November 2012 available in the Quick Links section.

Investment Objective
The Trust aims to provide income with the potential for capital growth through investment in the properties.

Investment Strategy
The Trust's investment strategy is to:    

• Maintain high occupancy.
• Enhance probability of tenant renewals via superior asset service and strategic negotiation. 
• Target gearing to less than 45%.
• Ensure strong capital position is maintained.
  

Who is the investment manager?

Australian Unity Investments

Unit Prices
 

Effective Date	Entry Price	Exit Price$
31-Mar-13	$0.9195	$0.9149
31-Dec-12	$0.9386	$0.9386
30-Sep-12	$1.0018	$1.0018
30-Jun-12	$0.9993	$0.9993
31-Mar-12	$1.0213	$1.0213
31-Dec-11	$1.0210	$1.0210
30-Sep-11	$1.0293	$1.0293
30-Jun-11	$1.0577	$1.0577

Unit price history

Distributions

 

Period End	Cents Per Unit
31-Mar-13	2.30
31-Dec-12	1.60
30-Sep-12	1.60
30-Jun-12	1.60
31-Mar-12	1.60
31-Dec-11	1.60
30-Sep-11	1.60
30-Jun-11	2.50
31-Mar-11	1.50
31-Dec-10	1.50
30-Sep-10	1.50

Fund

APIR Code	IPL0003AU
Fund Size	$34.60m Gross Assets (31 March 2013)
Unit pricing	Quarterly
Withdrawals	Not available
Distributions	Quarterly

Performance

Please refer to the Quarterly Update for performance information.