Gryphon Capital Income Trust Entitlement Offer
The offer is being undertaken in response to ongoing investor demand for stable and predictable income. Gryphon believes funds raised under the Offer and deployed in accordance with the Investment Strategy will achieve:
The Offer is not expected to impact the Trust’s Target Return which remains unchanged or the Trust’s ability to pay monthly distributions to Unitholders.
UPDATE: The Responsible Entity has announced that it has closed the Shortfall Offer early at 5:00pm (AEST) on 8 July 2019, due to the very strong support shown by new investors, with applications for New Units under the Shortfall Offer received in excess of New Units available under the Offer. Allocations under the Shortfall Offer will not be determined until the Entitlement Offer has closed, and applicants will be notified by their broker of the outcome of their applications.
|Entitlement Offer and Shortfall Offer Details|
Entitlement Offer Ratio
1 New Unit for every 2 existing Units
Maximum number of New Units that may be issued under the Entitlement Offer
Maximum number of New Units that may be issued under the Trust's Placement Capacity
Maximum gross proceeds from the Entitlement Offer
|21 June 2019||Announcement of the Offer|
|4 July 2019||Offer opens|
|8 July 2019
||Shortfall Offer Closing Date|
|25 July 2019||Entitlement Offer Closing Date (5:00 pm AEST)|
|29 July 2019||Results of the Offer announced|
|1 August 2019||Entitlement Offer Issue Date|
|2 August||Normal trading of New Units and Additional New Units issued under Entitlement Offer expected to commence on the ASX|
|13 August||Shortfall Offer Issue Date|
|14 August||Normal trading of New Units issued under Shortfall Offer expected to commence on the ASX|
The above dates are subject to change and are indicative only. The Responsible Entity reserves the right to amend this indicative timetable subject to the Corporations Act and the Listing Rules. In particular, the Responsible Entity reserves the right to close the Offer early, extend the Entitlement Offer Closing Date or accept late Applications without notifying any recipients of the PDS or any applicant. Investors who wish to make an application are encouraged to do so as soon as practicable after the Offer opens.
If you decide to take up all or part of your Entitlement or take up all of your Entitlement and apply for Additional New Units in excess of your Entitlement, then you must:
1. Pay your Application Monies via BPAY (using the personalised BPAY details provided in your personalised Entitlement and Acceptance Form accompanying the PDS sent to you. A copy is available from the Unit Registry Boardroom Pty Ltd – contact details below). If paying via BPAY, you do not need to complete or return your personalised Entitlement and Acceptance Form;
2. Complete and return your personalised Entitlement and Acceptance Form (with the requisite Application Monies, by following the instructions set out on the personalised Entitlement and Acceptance Form).
If paying by BPAY: Your Application Monies must be received no later than the close of the Entitlement Offer, being 5.00pm (AEST) on 25 July 2019.
If paying via cheque, bank draft or money order: To ensure cleared funds are receipted prior to the Entitlement Offer Closing Date, your completed personalised Entitlement and Acceptance Form and Application Monies must be received by no later than 5:00pm (AEST) on 20 July 2019, at:
Gryphon Capital Income Trust – Entitlement Offer
Boardroom Pty Ltd
GPO Box 3993
Sydney NSW 2001
Telephone No. 1300 737 760 (within Australia
Refer to Section 2 of the PDS or call the applicable contact number below.
Registry information line:
1300 737 760 (within Australia)
+ 61 2 9290 9600 (International)
Monday to Friday 9.00am and 5.00pm (Sydney, Australia time)
One Managed Investment Funds Limited (ABN 47 117 400 987) (AFSL 297042) (OMIFL) is the responsible entity of the Gryphon Capital Income Trust (ARSN 623 308 850 (“Fund”). Information contained in this website was prepared by Gryphon Capital Investments Pty Ltd (ACN 167 850 535) (GCI). While neither OMIFL nor GCI has any reason to believe the information is inaccurate, the truth or accuracy of the information cannot be warranted or guaranteed. Before making any decision regarding the Fund, investors and potential investors should consider the Product Disclosure Statement (PDS) and other continuous disclosures available on the Australian Securities Exchange ("ASX") website (Disclosure Material). The Disclosure Material contains important information about investing in the Fund and it is important investors obtain and read the Disclosure Material before making a decision about whether to acquire, continue to hold or dispose of units in the Fund. This website contains general information only and is not intended to be financial product advice. It does not take into account any person’s (or class of persons’) investment objectives, financial situation or particular needs, and should not be used as the basis for making investment, financial or other decisions. Investors should also consult a licensed financial adviser before making an investment decision in relation to the Fund. This website may contain forward-looking statements based on current expectations, estimates, and projections about the Fund’s business and the industry in which the Fund invests. Readers are cautioned not to place undue reliance on these forward-looking statements. Neither OMIFL nor GCI undertakes any obligation to revise any such forward-looking statements to reflect events and circumstances after the date of this publication. Past performance is not indicative of future performance. Neither OMIFL or GCI nor any other person associated with the Fund guarantees or warrants the future performance of the Fund, the return on an investment in the Fund, the repayment of capital or the payment of distributions from the Fund. To the extent permitted by law, no liability is accepted by OMIFL, GCI or their respective directors for any loss or damage as a result of any reliance on this information.