Multiplex Acumen Prime Property Fund
Register your interest now
Offer launches 10 July 2006
Multiplex Capital manages a diversified range of listed and unlisted property funds with total funds under management exceeding $5 billion*
Multiplex Group have established a new fund (to be called Multiplex Acumen Prime Property Fund ("Fund")comprising a portfolio of prime CBD office assets, located in both Sydney and Melbourne.
Key features
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Minimum investment
The minimum investment of $10,000 is payable in two tranches - the first 60% of the investment amount is due on application, while the remaining 40% does not need to be paid until15 June 2011.^
Applications open date - 11 August 2006 ^^
Offer closes-31 August 2006 (or earlier if oversubscribed) #
How to apply
Investors should obtain and consider the Product Disclosure Statement ("PDS") for the offer (available, as indicated below, from July 2006) in deciding whether the investment is appropriate for them and whether to acquire or hold Units in the Fund.
Applications for Units may only be made by completing and returning the Application Form attached to, or accompanying, the PDS. Detailed instructions on how to complete the Application Form are set out in the PDS.
The completed Application Form must be accompanied by the First Instalment of $0.60 per Unit. Payment must be in Australian currency and made by cheque
To register for a copy of the PDS (containing application form) to be sent to you by post:
National Margin Lending (NML)* may be able to help you invest in the Multiplex Acumen Prime Property Fund. The Units have been approved for use with a NML Facility at a security ratio of 70%, unless this stock comprises over 75% of the security value of your portfolio, in which case the security value is 60%.
If you currently have a NML Facility, you may be able to use your existing security to invest in this offer. Alternatively, you may be able to use approved shares, managed funds or cash to establish a NML Facility and then apply to invest in the offer.
For further information about National Margin Lending contact 1300 135 145.
*National Margin Lending
A Product Disclosure Statement is available for the National Margin Lending Cash Management Account (CMA). The National is the issuer of the CMA and recommends you consider the PDS before making any decisions regarding this product. The PDS is available at www.national.com.au/marginlending or by calling National Margin Lending on 1300 135 145.
General Advice Warning
This notice is not intended as personal advice, has been prepared without taking account of any investor's investment objectives, financial situation or needs, and, accordingly, is not a substitute for reading the National Margin Lending Facility Terms and the CMA PDS.
* As at 31 May 2006
**The pre-completion guarantee will provide protection against non-performance of the developer for a portion of investment equity used to finance the construction asset. The capital protection will remain in place until completion of the building. Full details are set out in the PDS.
^ The second instalment may be accelerated under certain circumstances. Full details are set out in the PDS.
^^Applications received before the Applications open date will not be processed until after the Applications open date.
# The issuer, Multiplex Capital Limited ACN 094 936 866, in consultation with National Australia Bank Limited and ANZ, has the absolute discretion to extend or reduce the offer period.
Important information regarding National Australia Bank Group
The units in the Multiplex Acumen Prime Property Fund ARSN 110 096 663 ("the Trust") are not deposits with, or other liabilities of, National Australia Bank Limited ABN 12 004 044 937 (“National”) or other companies of the National group. Units in the Trust are issued by Multiplex Capital Limited ACN 094 936 866, as the responsible entity of the Trust (“Issuer”). Other than under the Pre Completion Guarantee (as described in the PDS) National does not guarantee the performance of the Trust or stand behind, in any way, the capital value or performance of the units or the investments made by the Trust. Investment in the units is subject to investment risk, including possible delays in payment and loss of income and principal invested.
Offers of units in the Trust will be made in the Product Disclosure Statement ("PDS") for the Offer. Units in the Trust can only be acquired on the application form to be included in, or accompanying, the PDS.
National acts as equity arranger, joint lead manager and sub-underwriter in relation to the Offer. National may also provide debt, treasury, and other services to the Trust or its controlled entities. These services are provided in various capacities as a third party. Any such services provided by National will be described in the PDS. National may act if necessary to protect its interests ahead of those of investors and other parties. In acting in its various capacities, National will only have the duties and responsibilities expressly agreed by it in the relevant capacity and will not, by virtue of acting in any other capacity, be deemed to hold any differing standard of care.
The information in this letter is of a general nature only. In preparing the information no account was taken of the particular objectives, financial circumstances or needs of any particular person. Accordingly, before acting on the information you should consider, or seek advice on whether the investment is appropriate in light of your particular objectives, financial circumstances or needs. You should obtain, and consider, the PDS and any updates to the PDS before making any decision about whether to acquire or hold units in the Trust. To the maximum extent permitted by law, the National group expressly disclaims all or any liability which may arise out of the provision to, or use by, the recipient or any other person, of this information.
Without limiting the foregoing, any forecast, budget, target, projection or other forward looking statement (“Projection”) is provided for information purposes only and comprises the Issuer’s estimates of future prospects. No warranty or representation is given as to the accuracy or reasonableness of any such Projection or that any such Projection will actually be met. As the achievement of any Projection is dependent upon future events, the outcome of which cannot be assured, the actual results achieved may vary materially from the Projection. In all the circumstances, no warranty, express or implied, is given that these future matters will occur or that the future performance will be met. The Issuer and National have provided this information on the basis that each recipient will carry out and rely solely upon its own investigation and analysis.
National has adopted the revised Code of Banking Practice 2003. For details of the Code contact National on 13 22 65 and select the option to speak to a Customer Service Representative, or visit us at nab.com.au. For information about National’s dispute resolution processes click on Dispute Resolution.
For acting as joint lead manager on the offer of units in the Fund, National may be paid a distribution fee up to 5.125% of the Fund equity raised by National. It will pay any distribution commissions to advisers out of this fee. National may also receive remuneration and other benefits in relation to any other services it may provide. It will receive fees as equity arranger of 0.25% of gross assets of the Fund and a fee of 1% of the first instalment of any sub-underwritten units. National staff members distributing the units will receive commissions out of fees paid to National. Staff members may also be entitled to receive additional monetary (such as annual bonuses) or non-monetary benefits and/or rewards (such as gift vouchers, film tickets, restaurant meals, attendance at an annual conference or other functions) resulting from participation in programs conducted by National. Whether staff members receive any such benefits and rewards depends on a number of performance related factors including the level of remuneration generated for National from sales of products as a consequence of the staff member’s advice. It is not possible to determine at any given time whether a staff member will receive such benefits or rewards or to quantify them.
Forward Looking Statements
Without limiting the foregoing, any forecast, budget, target, projection or other forward looking statement (“Projection”) is provided for information purposes only and comprises the Issuer’s estimates of future prospects. No warranty or representation is given as to the accuracy or reasonableness of any such Projection or that any such Projection will actually be met. As the achievement of any Projection is dependent upon future events, the outcome of which cannot be assured, the actual results achieved may vary materially from the Projection. In all the circumstances, no warranty, express or implied, is given that these future matters will occur or that the future performance will be met. The Issuer and National have provided this information on the basis that each recipient will carry out and rely solely upon its own investigation and analysis.
Code of Banking Practice
National has adopted the revised Code of Banking Practice 2003. For details of the Code contact National on 13 22 65 and select the option to speak to a Customer Service Representative, or visit us at nab.com.au. For information about National’s dispute resolution processes click on Dispute Resolution.
Privacy
You must read the Product Disclosure Statement in connection with the National Privacy Notification and Financial Services Guide.
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