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 aim to achieve the following:
- Additional scale to expand the Trust’s participation in the RMBS/ABS market, thereby diversifying the Portfolio.
- Reduce the operating costs of the Trust on a cost per Unit basis.
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 during the period it takes to fully invest the additional capital raised.
| Entitlement Offer and Shortfall Offer Details | |
| Entitlement Offer Ratio | 1 New Unit for every 4 existing Units |
| Offer Price | $2.00 |
| Maximum number of New Units that may be issued under the Entitlement Offer | 83,890,480 |
| Maximum gross proceeds from the Entitlement Offer | $167,780,960 |
| Important Dates | |
| 8 October 2024 | Announcement of the Offer |
| 11 October 2024 |
Record Date for Entitlement Offer |
| 16 October 2024 | Offer opens |
| 28 October 2024 | Offer Closing Date (5:00 pm AEDT) |
| 30 October 2024 | Results of the Entitlement Offer announced |
| 4 November 2024 | Entitlement Offer Issue of New Units |
| 5 November 2024 | Normal trading of New Units and Additional New Units issued under Entitlement Offer expected to commence on the ASX |
The Responsible Entity intends to offer any New Units not taken up by Eligible Unitholders under the Entitlement Offer (including the Oversubscription Facility) (Shortfall) at the Offer Price under this Offer Booklet (Shortfall Offer) to new Wholesale Investors. The Responsible Entity currently expects to conduct the Shortfall Offer on Tuesday 29 October 2024.
Refer to section 4 How to apply of the Offer Booklet.
If after the Offer Opening Date you have not received or you have lost your personalised Entitlement and Acceptance Form, or you have any questions regarding the Entitlement Offer, then please contact the Unit Registry information hotline on 1300 737 760 (within Australia) or +61 2 9290 9600 (outside Australia) (between 8.15am to 5.30pm AEDT on a Business Day). If you have any further questions, then you should contact your Broker, solicitor, accountant, taxation adviser, financial adviser or other professional adviser without delay and before making an investment decision.
