Completed Syndicates
Viento has sucessfully completed the following Property Syndicates:
Armidale Property Syndicate
|
1 March 2005
|
Elermore Property Syndicate
|
22 November 2007
|
First Enterprise Property Syndicate
|
25 March 2008
|
V3 Property Syndicate
|
1 June 2008
|
925 Property Syndicate
|
1 June 2008
|
Armidale Property Syndicate
Financial Year
|
Distribution CPU
|
Tax Deferred %
|
| 2002/2003 |
N/A |
N/A |
| 2003/2004 |
N/A |
59% |
| 2004/2005 |
N/A |
97% |
Elermore Property Syndicate
Financial Year
|
Distribution CPU
|
Tax Deferred %
|
| 2001/2002 |
6.69 |
93% |
| 2002/2003 |
11.17 |
85% |
| 2003/2004 |
10.60 |
59% |
| 2004/2005 |
11.07 |
100% |
| 2005/2006 |
11.03 |
81% |
| 2006/2007 |
12.00 |
53% |
| 2007/2008 |
3.00 |
97% |
First Enterprise Property Syndicate
Financial Year
|
Distribution CPU
|
Tax Deferred %
|
| 2002/2003 |
9.41 |
95% |
| 2003/2004 |
10.21 |
100% |
| 2004/2005 |
10.00 |
100% |
2005/2006
|
10.13 |
100% |
2006/2007
|
10.25 |
97% |
2007/2008
|
5.00 |
79% |
V3 Property Syndicate
Financial Year
|
Distribution CPU
|
Tax Deferred %
|
| 2004/2005 |
N/A |
100% |
2005/2006
|
9.90 |
100% |
2006/2007
|
10.20 |
100% |
2007/2008
|
8.19 |
100% |
925 Property Syndicate
Financial Year
|
Distribution CPU
|
Tax Deferred %
|
2005/2006
|
8.80 |
100% |
2006/2007
|
8.90 |
100% |
2007/2008
|
8.23 |
100% |
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Armidale Property Syndicate
The Armidale Property Syndicate was wound up in March 2005 and returned investors their initial capital plus a capital gain component.
Syndicate Maturity Date
|
17 March 2005
|
Consideration Value per Armidale No.1 Unit
|
$1.26 |
Elermore Property Syndicate
The Elermore Property Syndicate matured on 22 November 2007. As part of the exit strategy, the Elermore Vale Shopping Centre was purchased by the Viento Diversified Property Fund and investors were issued with units in the Fund as consideration. Investors who did not wish to continue investing in the Viento Diversified Property Fund received a cash payment on the 28 November 2007.
Syndicate Maturity Date
|
22 November 2007
|
Consideration Value per Elermore Unit
|
$1.9613 |
Viento Diversified Property Fund Unit Buy Price
|
$0.9550 |
Viento Diversified Property Fund Redemption Price
|
$0.9372 |
First Enterprise Property Syndicate
The First Enterprise Property Syndicate matured on 25 March 2008. As part of the exit strategy, the Syndicate properties were purchased by the Viento Diversified Property Fund and investors were issued with units in the Fund as consideration. Investors who did not wish to continue investing in the Viento Diversified Property Fund received a cash payment on the 28 March 2008.
Syndicate Maturity Date
|
25 March 2008
|
Consideration Value per First Enterprise Unit
|
$1.4169 |
Viento Diversified Property Fund Unit Buy Price
|
$0.9550 |
Viento Diversified Property Fund Redemption Price
|
$0.9254 |
V3 Property Syndicate
The V3 Property Syndicate was rolled into the Viento Diversified Property Fund by Special Resolution on 1 June 2008. Investors approved the Special Resolution by Unitholder vote. The properties were subsequently rolled into the Viento Diversified Property Fund and Unitholders were issued with converting units in the Fund in exchange for their V3 units. The units issued converted to ordinary units on 1 January 2009.
Syndicate Maturity Date
|
1 June 2008
|
Consideration Value per V3 Unit
|
$1.0495 |
Viento Diversified Property Fund Unit Buy Price
|
$0.9756 |
925 Property Syndicate
The 925 Property Syndicate was rolled into the Viento Diversified Property Fund by Special Resolution on 1 June 2008. Investors approved the Special Resolution by Unitholder vote. The properties were subsequently rolled into the Viento Diversified Property Fund and Unitholders were issued with converting units in the Fund in exchange for their 925 units. The units issued converted to ordinary units on 1 January 2009.
Syndicate Maturity Date
|
1 June 2008
|
Consideration Value per 925 Unit
|
$1.0990 |
Viento Diversified Property Fund Unit Buy Price
|
$0.9756 |
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