Stockland Direct Retail Trust No.1
The Stockland Direct Retail Trust No.1 (the Trust) is a new unlisted property trust which has been established by the Stockland Funds Management Limited (the "Responsible Entity" or "Issuer").
The Trust provides investors with an opportunity to access retail properties, managed by Stockland, in an unlisted property trust.
Stockland is one of Australia's leading diversified property groups with expertise in the management, marketing and leasing of shopping centres. Stockland currently owns and manages a portfolio of 41 shopping centres which has a book value of approximately $3.6bn as at 30 June 2006
Key features of the offer include:
Offer launch - 16 October 2006
Applications Open Date3 - 15 November 2006
Offer closes - 7 December 2006 (or earlier if oversubscribed)4
Eligibility
The offer of Units in the Trust is open to Australian residents. Foreign residents may apply for Units but will be subject to restrictions as set out in the PDS (and must indicate that that they are foreign residents in the Application Form accompanying the PDS).
How to apply
Investors should obtain and consider the Product Disclosure Statement ("PDS") for the offer (available as indicated below from 16 October 2006) in deciding whether the investment is appropriate for them and whether to acquire or hold Units in the Trust.
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 Application Form must be accompanied by the payment of $1.00 per Unit. Payment must be in Australian currency and made by cheque.
You must read the PDS in connection with the national Privacy Notification and Financial Services Guide.
2. The forecast period is from Allotment until 30 June 2008.
3. Applications received before the Applications Open Date will not be processed until after the Applications Open Date.
4. The issuer, Stockland Funds Management Limited ABN 86 078 081 722, in consultation with National Australia Bank Limited, has the absolute discretion to extend or reduce the offer period.
Important Information
Important information regarding National Australia Bank Group
The Units in Stockland Direct Retail Trust No.1 ARSN 121 832 086 (the 'Trust') are not deposits with, or other liabilities of, National Australia Bank Limited ABN 12 004 044 937 ('NAB') or other companies of the NAB group. Units in the Trust are issued by Stockland Funds Management Limited ABN 86 078 081 722 as responsible entity of the Trust ('Issuer'). NAB 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.
The offer 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.
The offer of Units in the Trust is open to Australian residents. Foreign residents may apply for Units but will be subject to restrictions as set out in the PDS (and must indicate that that they are foreign residents in the Application Form accompanying the PDS).
NAB acts as lead equity arranger and underwriter in relation to the Offer. NAB 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 NAB will be described in the PDS. NAB may act if necessary to protect its interests ahead of those of investors and other parties. In acting in its various capacities, NAB 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 on this website has been made available to the recipient for information purposes only and it is not intended to be, and does not constitute a product disclosure statement, prospectus, short form prospectus or profile statement as those terms are defined in the Corporations Act. It does not constitute an offer for the issue, sale or purchase of any securities, or any recommendation in relation to investing in the assets. Full details are set out in the PDS available as set out above.
While every care has been taken in the preparation of the information on this website, NAB makes no representation or warranty as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Full details are set out in the PDS for the product. To the maximum extent permitted by law, National expressly disclaims all or any liability which may arise out of the provision to, or use by, any person of the information contained on this website. The information on this website has been prepared for the purpose of providing information only without taking account of any particular investor's objectives, financial situation or needs. An investor should, before making any decision whether to buy or hold units in the Trust, consider the full details set out in the PDS for the product (available as set out above), and seek professional advice, having regard to the investor's objectives, financial situation and needs.
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 NAB 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
NAB has adopted the revised Code of Banking Practice 2003. For details of the Code of contact NAB on 13 22 65 and select the option to speak to a customer service representative, or visit us at nab.com.au. For more information about NAB's dispute resolution processes click on Dispute Resolution.
Privacy and FSG
You must read the Product Disclosure Statement in connection with the National Privacy Notification and Financial Services Guide.
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