Investa Fifth Commercial Trust
Investa Fifth Commercial Trust (“I5CT”):
- is a real estate fund which holds interests in four office buildings throughout Australia.
- was established in May 2003 and is closed to further investment.
- terminates in 2015 unless terminated earlier by us or by operation of law, or extended by a special resolution of unitholders.
- borrows to invest and fund capital expenditure.
- aims to deliver income returns with the potential for capital growth.
Fund Snapshot
| Item |
Position at 31 March 2010 |
| Fund size (total assets) |
$146.01m |
| Unit pricing |
$1.3981 |
| Distributions |
Quarterly |
| DRP |
Not available |
| Withdrawals |
Not available |
| Management fee |
1.00% pa |
| MER (ex performance fee) |
1.27% p.a. |
| Indirect cost ratio |
2.78% p.a. |
| Total borrowings drawn |
$72.6m |
| Gearing ratio |
49.7% |
| Interest cover |
1.60x |
| Debt maturity date |
May 2010 |
| Number of investors |
858 |