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| Objective |
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To provide you with regular income from a pool of high yielding loans secured by registered first mortgages; and |
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To allow you a choice of investment term and return. |
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| Who can invest? |
Any investor is eligible. The investor may be an individual or entity and may include retirees, business people, churches, charities, clubs, friendly societies, internally managed superannuation funds, insurance companies and overseas residents. |
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| Minimum amount you can invest |
$5,000 (with an unlimited maximum investment
but subject to our discretion). |
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| Start earning immediately |
Your entitlement to receive distributions starts as soon as you invest or if you pay by private cheque, as soon as your cheque has been cleared by our bank. Monthly or quarterly distributions will not be comprised of a return of capital. The Trust has power to borrow which may be used to finance distributions. |
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| Choice of Investment terms |
6, 12 or 24 months – Investors invest for a fixed term |
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| What is the investment? |
Owenlaw Trust Limited is offering Units in the Owenlaw Mortgage Trust. Units are issued at $1.00 per Unit and are redeemed at $1.00 per Unit. |
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| When and how are distributions paid |
Distributions are calculated on the last day of each month and are paid in arrears monthly or quarterly (automatic reinvestment) as selected by you. Distributions are generally paid within 7 days of the relevant Distribution period. Monthly distributions are paid into your nominated bank account. For example if you select monthly distributions these will be paid by the 7th day of the following month. |
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Automatic reinvestment
in Owenlaw Mortgage Trust |
Applies to all Investors who choose the quarterly Distribution option. |
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| Cooling-off period |
A 14 day cooling-off period applies to all initial investments. |
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| Fees and other costs |
| Entry fees |
Nil |
| Withdrawal fees |
Nil |
| Management Fees |
We receive a Management Fee which is only paid after all distributions are paid at the then current rate and represents the difference between the income generated by the Trust and distribution rates paid to you. Fees are not deducted from your investment account.
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