Current Investment Offer
Capital raising for Viento Diversified Property Fund
Viento Property Limited is aiming to raise $7.0 million for its unlisted flagship fund, the Viento Diversified Property Fund, through the issue of Convertible Preference Units (CPUs) at an offer price of $1.00 per unit. The CPUs are rated A- by Property Investment Research, which is owned by the Aegis Group.
Key features of the offer are a 9.0 per cent annualised distribution (paid quarterly*) that is 100 per cent tax advantaged and the option to convert the CPUs to Ordinary Units at a 40 per cent discount at the end of three years.
Successful recapitalisation of the Fund will provide significant benefits that will:
- Reduce borrowings and the loan to value ratio (LVR).
- Strengthen cash flow to complete essential capital improvements at properties owned by the Fund.
- Allow the Fund to resume distributions to Ordinary Unit holders.
- Improve the value and performance of properties in the Fund’s portfolio.
- Establish a solid platform for future growth.
The offer closes on Tuesday, 7 September 2010 after being extended by one week in Supplementary PDS dated 31 August 2010.
For more information or to obtain a printed copy of the PDS, Supplementary PDSs and/or PIR research report, please contact our Client Services team on 1300 555 505 or email info@vientogroup.com.
Download the PDS, Supplementary PDS dated 25 June 2010 or Supplementary PDS dated 31 August 2010.
Download the PIR research report.
* Distribution dates may be adjusted to take into account changes to the offer close date.