Australian Unity Investments (AUI) has written to retail and wholesale investors in the Australian Unity Mortgage Income Trust warning them about an offer from Direct Share Purchasing Corporation (DSC) to purchase their units.
The DSC offer is 80 cents per unit, a 20% discount on the unit price of $1.00.
Mr David Bryant, head of AUI, said that any unit holder considering the offer is urged to discuss it with their financial planner or to call the AUI Investor Services Team.
“The Trust is currently providing a steady monthly income yield of 5.5% per annum (retail) and 6.05% (wholesale) at 30 September 2010. In addition, the monthly withdrawal program, which has been constantly improved over the last year, is still in place.
“Mortgage funds have a strong future and quality and conservatively managed income funds will continue to play an important role for investors requiring regular, monthly income and capital stability,“ he said.
Australian Unity Investments is the funds management arm of financial services, health and retirement living services provider Australian Unity. It has more than $11.2 billion in funds under management (as at 30 September 2010). Its investment approach is to use its established in-house expertise in property and mortgages while also forming joint ventures and strategic alliances with other organisations with specialist expertise.
Past performance is not a reliable indicator of future performance.
