ISSUE DATE
9
Investment Statement. However, future
options.
Distribution rates and Investors should not consider the historical Distribution rate as a guarantee or assurance of future Distribution rates. • Under normal operating circumstances the Fund management fee is paid to GPS from paid by borrowers and Distributions paid to Investors) and GPS pays day-to-day expenses incurred in operating the Fund from its management fees. Your Security In the unlikely event that GPS (an unlisted public company) ceases trading, loses its AFSL (AFSL No. 383080), is unable to perform its duties for whatever reason and/or becomes insolvent, Investors should remember they have not invested in GPS in any way. Your investment is of Registered First Mortgages held by Perpetual as Custodian over real estate located in South East Queensland. GPS does not have current borrowings and does not intend to borrow on behalf of any individual scheme. This means there are no prior charges
like this in South East Queensland since 1994.
to considering an investment in the Fund: • GPS has extensive management experience in sourcing, assessing and managing mortgage investments; • rate of return from a pool of First Mortgages chosen and managed by GPS; • Interest payments from the borrowers (less fees and charges) also called Distributions, are either reinvested back into your investment account or paid directly into your nominated bank account (subject to available funds); and • All costs associated with the establishment of a mortgage investment are paid by the borrowers.
The cessation of GPS as Responsible Entity
underlying value of the property over which you have a Registered First Mortgage. So long as the property retains its current market value, it is unlikely that your investment (generally with a sub 70% LVR) would be directly impaired. There are several reasons to consider an investment in a pooled fund mortgage investment: • individual Investors the opportunity to combine their funds with funds of other Investors to collectively invest in loans secured exclusively by Registered First Mortgages over real property. These “pooled” investments mean no individual individual mortgage. • Investors do not need to make an assessment of the individual mortgages. • Investors enjoy substantially broader
The performance of the Fund, including repayment of invested amounts and the payment of Distributions, is not employees or Perpetual, or any other person. The rates of return are not guaranteed, and are determined by future revenue of the Fund and may achieve lower than expected returns.
risks in mortgages when compared to
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