Dexus Property for Income Fund

Notice of fund termination – Dexus Property for Income Fund (ARSN: 090 467 208) (APIR: APN0001AU)

Dexus Asset Management Limited ACN 080 674 479 (DXAM), as responsible entity of the Dexus Property for Income Fund ARSN 090 467 208 (Fund), made a determination on 8 May 2024, to commence a process to terminate and wind up the Fund. The termination date of the Fund is expected to be on or around 17 June 2024 (Termination Date). Please refer to the announcement of fund termination and migration application form.

An income-focused property securities fund


The Dexus Property for Income Fund (DPFIF) is an income-focused securities fund that invests in a portfolio of listed Australia Real Estate Investment Trusts (AREITs). The Fund aims to provide a relatively high distribution yield with lower-than-market volatility*.

Unit Prices

As at 23 May 2024

2.1393

Buy

2.1328

Sell

4.97%

Current running yield* as at 23 May 2024

$50.36m

Fund size as at 23 May 2024

$1,000

Minimum investment

Monthly**

Income Distribution

1.05% p.a. of NAV***

Management fees and costs

Unit Price History

Date

Buy

Sell

Investment objectives

The primary investment objectives of the Fund are to aim to provide:

  • a high level of distributable income by achieving a gross annual income yield (before management fees and expenses) that equates to at least 110% of the average of the S&P/ASX 200 AREIT Index Dividend Yield

  • a level of capital growth which at least matches increases in the Consumer Price Index over a 5 - 7 year time horizon

  • lower-than-market volatility compared with the S&P/ASX 200 AREIT Index over a 5 - 7 year time horizon

Benefits

  • Focus on generating sustainable, regular and relatively high income returns through investing in listed property securities

  • Access to an underlying diversified portfolio of throusands of quality commercial real estate assets predominantly located in Australia

  • Has paid monthly distributions**

  • Actively managed (non-index aware) portfolio, applying a highly disciplined and proven strategy designed to deliver on the Fund's income and risk objectives

  • Currently liquid - daily applications and withdrawls (under normal market conditions, but withdrawals can take longer in certain cases as set out in the PDS)

This fund is suited to

  • Medium-to-long-term investors who are looking for an income-focused investment and the potential for some long-term capital growth

  • Investors wanting access to a diversified portfolio of AREITs primarily owning quality commercial real estate 

Please refer to the Target Market Determination.

*Current running yield is calculated daily by dividing the annualised distribution rate by the latest entry unit price. Distributions may include a capital gains component. Distributions are not guaranteed and past performance is not an indication of future performance.

**Past performance is not an indicator of future performance.

***See section 6 of the PDS.

This material has been prepared by Dexus Asset Management Limited (ACN 080 674 479, AFSL No. 237500) (“DXAM”), the responsible entity and issuer of the financial products of Dexus Property for Income Fund (ARSN 090 467 208) without taking account of your objectives, financial situation and needs. Accordingly, and before you receive any financial service from us (including deciding to acquire or to continue to hold a product in any fund mentioned in this material), or act on this material, you should obtain and consider the relevant product disclosure statement(s) (“PDS”), DXAM financial services guide ("FSG”) and relevant target market determination (“TMD”) in full, consider the appropriateness of this material having regard to your own objectives, financial situation and needs and seek independent legal, tax and financial advice. The PDS, FSG and TMD (hard copy or electronic copy) are available from DXAM, Level 5, 80 Collins Street (South Tower), Melbourne VIC 3000, by visiting https://www.dexus.com/investor-centre, by emailing investorservices@dexus.com or by phoning 1300 374 029. The PDS contains important information about risks, costs and fees associated with an investment. Any investment is subject to investment risk, including possible delays in repayment and loss of income and principal invested, and there is no guarantee on the performance of the fund or the return of any capital. Past performance is not an indication of future performance. This material is for general information purposes only, (subject to applicable law) does not constitute financial product advice, and does not constitute an offer, invitation, solicitation or recommendation with respect to any investment. No warranty or representation is provided as to the accuracy, completeness or reliability of any information, and to the fullest extent permitted by law, the recipient releases DXAM and its affiliates from any and all liabilities and losses arising in connection with any person acting on or relying on anything contained in or omitted from this material (whether due to negligence or otherwise). This material is not intended for distribution or use in any jurisdiction where it would be contrary to applicable laws, regulations or directives.

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