Unit prices delayed during the period 5 December 2024 to 11 December 2024 for Pendal Dynamic Income Fund – Class R and Pendal Dynamic Income Fund – Class W

Unit prices delayed during the period 5 December 2024 to 11 December 2024 for:

• Pendal Dynamic Income Fund – Class R (APIR: BTA8657AU ARSN: 622 750 734)
• Pendal Dynamic Income Fund – Class W (APIR: PDL7550AU ARSN: 622 750 734)

The calculation of the unit prices for Class R and Class W of the Pendal Dynamic Income Fund (the Fund) will be delayed during the period 5 December 2024 to 11 December 2024 (the Period). This will, in turn, delay the processing of applications and withdrawals received during the Period.

We anticipate that unit prices for the Fund will be available by Thursday 12 December 2024.

Why are unit prices being delayed?

The Fund is invested in the Pendal Pure Alpha Fixed Income Fund which has terminated effective 5 December 2024. Unit prices for the Fund cannot be calculated until the termination of the Pendal Pure Alpha Fixed Income Fund is complete.

The termination proceeds from the Pendal Pure Alpha Fixed Income Fund are expected to be received by the Fund on or around 12 December 2024.  Once the Fund receives the termination proceeds, we will then be able to calculate the unit prices for Class R and Class W, for each day during the Period.

What does this mean for you?

Unit prices for the Fund will not be published during the Period.  However, investors will still be able to apply and withdraw from each class of the Fund during the Period.   

This delay will not affect the unit price that investors receive for transactions they make during the Period.  All valid application and withdrawal requests received before the daily cut-off time (i.e. 2.00pm (Sydney time)) will continue to be processed using the entry or exit price calculated for that business day, once the prices become available on or around 12 December 2024.

This delay will not affect the way that we currently manage the Fund.

Questions? 

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