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Gryphon Capital Income Trust Entitlement Offer

November 2019

Gryphon Capital Income Trust (GCI) announces a pro rata, non-renounceable Entitlement Offer and Shortfall Offer

Download PDS

NOTE: DUE TO 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, THE RESPONSIBLE ENTITY HAS NOW CLOSED THE SHORTFALL OFFER (EFFECTIVE 14 NOVEMBER 5:00PM AEDT).  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 APPLICATION.

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:

  • Additional scale to expand the Trust’s participation in the RMBS/ABS market, thereby diversifying the Portfolio.
  • Expand the Trust’s investor base, providing greater liquidity for Unitholders
  • 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.

 

Entitlement Offer and Shortfall Offer Details
Entitlement Offer Ratio
1 New Unit for every 3 existing Units
Offer Price
$2.01
Maximum number of New Units that may be issued under the Entitlement Offer
51,531,691
Maximum gross proceeds from the Entitlement Offer
$103,578,699

Important Dates
1 November 2019 Announcement of the Offer
12 November 2019 Offer opens
14 November 2019 Shortfall Offer Closing Date (5:00pm AEDT)
25 November 2019 Offer Closing Date (5:00pm AEDT)
27 November 2019 Results of the Offer announced
2 December 2019 Entitlement Offer Issue Date
3 December 2019 Normal trading of New Units and Additional New Units issued under Entitlement Offer expected to commence on the ASX
4 December 2019 Results of the Shortfall Offer announced
9 December 2019
Shortfall Offer Issue Date
10 December 2019 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;

OR

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 (AEDT) on 25 November 2019.

If paying via cheque, bank draft or money order: It is your responsibility to ensure your payment is received in cleared funds by no later than 5:00pm (AEDT) on 25 November 2019, being the Offer Closing Date.

Gryphon Capital Income Trust – Entitlement Offer
Boardroom Pty Ltd
GPO Box 3993
Sydney NSW 2001

Telephone No. 1300 737 760 (within Australia)


NOTE: DUE TO 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, THE RESPONSIBLE ENTITY HAS NOW CLOSED THE SHORTFALL OFFER (EFFECTIVE 14 NOVEMBER 5:00PM AEDT).  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 APPLICATION.

All Shortfall Offer applications must be submitted through a broker. To apply you can:

1. Contact the following brokers:

Broker Contact Details
Morgans Financial Limited
(AFSL 235410)
Telephone: 1800 777 946
National Australia Bank Limited
(AFSL 230686)
Telephone: 1300 622 276
Bell Potter Securities Limited
(AFSL 243480)
Telephone: 1300 023 557
Cannaccord Genuity Patersons Limited
(AFSL 239052)
Telephone: 1300 582 256
Crestone Wealth Management Limited
(AFSL 231127)
Telephone: 1800 784 614
Ord Minnett Limited
(AFSL 237121)
Telephone: 1800 221 697


2. Contact your personal broker

3. Contact the Unit Registry

Contact the Unit Registry on 1300 737 760 (within Australia) or + 61 2 9290 9600 (International) between 8:30am and 5:30pm (AEDT) Monday to Friday during the Offer Period to request a PDS and Shortfall Offer Application Form and complete the Shortfall Application Form and send it to your broker

4. Download a copy of the PDS and Shortfall Offer Application Form

Download a copy of the PDS and Shortfall Offer Application Form available on this webpage and complete the Shortfall Application Form and send it to your broker.

Your Broker will act as your agent and it is your Broker’s responsibility to ensure that your Shortfall Application Form and Application Amount are received before 5:00pm (AEDT) on 25 November 2019 before the Shortfall Offer Closing Date.


If you have any questions on how to do any of the following:

Take up New Units under the Entitlement Offer

  • Eligible Unitholders participating in the Entitlement Offer in full or part.
  • Eligible Unitholders participating in the Entitlement Offer in full and applying for Additional Units.
  • Payment of your Entitlement Application amount via BPAY®.
  • Completion of your personalised Entitlement and Acceptance Form accompanying the PDS and paying the Application Monies.
  • You have lost your Entitlement and Acceptance Form and would like a replacement form.

Refer to Section 2 of the PDS or call the applicable information number below.


Unit Registry: Boardroom Pty Limited

Registry information line:

1300 737 760 (within Australia)
+ 61 2 9290 9600 (International)

Monday to Friday between 9.00am and 5.00pm (AEDT)


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.