Notice of Termination: Pendal Balanced Returns Fund (APIR: BTA0806AU, ARSN 087 593 011)

The Pendal Balanced Returns Fund (Fund) will terminate on Tuesday, 18 June 2024.

Why is the Fund terminating?

The Fund’s small size means that it has high running costs and cannot be managed in a cost efficient way.

We also consider that the Fund has little prospect of significant growth in funds under management in the foreseeable future. If the Fund were to continue, the Fund’s size would result in higher management costs for investors, which would reduce their investment returns.

How this affects you?

We will terminate the Fund on Tuesday, 18 June 2024.

Any applications received after 1:00pm (Sydney time) on Wednesday, 13 March 2024 will not be accepted.  There will be no reinvestment of distributions from 1:00pm (Sydney time) on Wednesday, 13 March 2024.

Withdrawals and transfers will continue to be processed up until 1:00pm (Sydney time) on Monday, 17 June 2024.

As soon as practicable after the Fund is terminated on Tuesday, 18 June 2024, we will begin winding up the Fund. The assets remaining in the Fund will be realised and the proceeds distributed to all investors in proportion to their unit holding.

What does this mean for you?

Cash proceeds from this termination will be paid directly to your nominated bank account on file on or around the week commencing Monday, 24 June 2024 or shortly thereafter.

Any distributions paid from 1:00pm (Sydney time) on Wednesday, 13 March 2024, including the March 2024 quarter will be paid as cash into your nominated bank account on file.

Details of any distributions paid to you during the current financial year will be included in your final AMIT Member Annual (AMMA) statement. This statement will set out the components of the income that have been attributed to you following the end of the financial year ending 30 June 2024.

Questions?  

If you have any questions, please contact our Investor Relations Team during business hours on 1300 346 821.