Notice of Termination: Pendal Geared Imputation Fund (APIR: RFA0130AU, ARSN 102 970 089)

The Pendal Geared Imputation Fund (Fund) will terminate on Tuesday, 26 March 2024.

Why is the Fund terminating?

The Fund’s small size means that it has high running costs and cannot be managed in a cost-efficient way.

The Fund has also been in outflow for a number of years, and we consider that there is little prospect of significant growth in funds under management in the foreseeable future.

As the Fund continues to get smaller, continuing to run the Fund would result in higher management costs for investors, which would reduce investment returns.

How this affects you?

We will terminate the Fund on Tuesday, 26 March 2024.

Any applications or transfers received after 11.00am (Sydney time) on Tuesday. 5 March 2024 will not be accepted.

We will continue to accept withdrawal requests up to 2:00pm (Sydney time), on Monday, 25 March 2024.

What happens next?

As soon as practicable after the Fund is terminated on Tuesday, 26 March 2024, we will begin winding up the Fund. The assets remaining in the Fund will be realised and the proceeds paid to all investors in proportion to their unit holding.

What does this mean for you?

The cash proceeds from this termination will be paid directly to your nominated bank account on file on or around Wednesday, 3 April 2024.

We also expect that the termination of the Fund will result in a final distribution of the income of the Fund which will be paid directly to your nominated bank account before the payment of the cash proceeds from the termination.

Details of any distribution paid to you will be included in your final Distribution Statement. You will also receive an AMIT Member Annual (AMMA) statement which will set out the details of taxable income that has been attributed to you following the end of the 2023/2024 financial year.

Questions? 

If you have any questions, please contact our Investor Relations Team during business hours Monday to Friday on 1300 346 821.