Current Unit Price: (20 min. delayed price) ASX:MXT $2.01 0.50%
NAV as at COB: 23.02.20 $2.0086
Current Unit Price: (20 min. delayed price) ASX:MOT $2.04 0.49%
NAV as at COB: 23.02.20 $2.0211

MXT

MCP Master Income Trust

MXT ENTITLEMENT AND SHORTFALL OFFER: Offer now open

The MCP Master Income Trust (ASX:MXT) has generated a return of 5.45% p.a. net of all fees and costs since listing in October 2017 (past performance is not a reliable indicator of future performance).

MXT aims to give you access to a diversified corporate loan portfolio invested across different borrowers, industries and the credit spectrum. MXT targets a minimum return of the RBA cash rate plus 3.25% p.a. (currently 4.00% p.a., the target return is only a target and may not be achieved).

KEY BENEFITS OF INVESTING IN MXT INCLUDE:

  • Monthly cash income with low risk of capital loss
  • Attractive risk-adjusted returns from a diversified portfolio of > 140 loans
  • An experienced and active management team with a proven track record
  • Low management fees
  • Daily liquidity via trading units on the ASX

THE MXT ENTITLEMENT AND SHORTFALL OFFER AIMS TO DELIVER

  • Additional scale to expand participation in Australia’s corporate lending market
  • Develop greater portfolio diversification
  • Additional market liquidity through expanded investor base
  • Reduced overall cost to unit holders

 

KEY DATES

LODGEMENT OF PDS WITH ASIC24th January 2020
UNITS TRADE ON EX-ENTITLEMENT BASIS11th February 2020
RECORD DATE FOR ENTITLEMENT OFFER12th February 2020
ENTITLEMENT & SHORTFALL OFFERS OPEN13th February 2020
OFFERS CLOSE (5:00pm Sydney time)6th March 2020
NEW UNITS QUOTED ON ASX ON DEFERRED SETTLEMENT BASIS9th March 2020
RESULTS OF OFFER ANNOUNCED9th March 2020
ISSUE OF NEW UNITS UNDER ENTITLEMENT OFFER13th March 2020
NORMAL TRADE OF NEW UNITS UNDER ENTITLEMENT OFFER16th March 2020
ISSUE OF NEW UNITS UNDER SHORTFALL OFFER18th March 2020
NORMAL TRADE OF NEW UNITS UNDER SHORTFALL OFFER20th March 2020

The above timetable is indicative only and subject to change without notice, including closing the offer early, extending the closing date for the offer or accepting late applications, or withdrawing the offer for any reason. All times and dates refer to Sydney time. Any changes to the offer timetable will be made via the website: www.metrics.com.au/mxt/ and ASX announcement.

DISCLAIMER

This document is issued by The Trust Company (RE Services) Limited ACN 003 278 831 AFSL 235150 (Perpetual) as responsible entity of MCP Master Income Trust ARSN 620 465 090 (Trust) and is prepared by Metrics Credit Partners Pty Ltd ACN 150 646 996 AFSL 416146 (Metrics) as the investment manager of the Trust.

The information provided in this document is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs.  Units in the Trust are issued by Perpetual as responsible entity for the Trust.  Before making an investment decision about the Trust, you should read and consider the product disclosure statement (PDS) of the Trust dated 24th January 2020, which is available from metrics.com.au/mxt/, carefully and in its entirety, consider the appropriateness of the information and if an investment in the Trust is appropriate having regard to your objectives, financial situation and needs, and obtain advice from an appropriate financial adviser.

This document does not constitute an offer of units in the Trust in any jurisdiction where it would be unlawful.  In particular, the distribution of this document may be restricted by law in any country outside Australia and New Zealand.  Any failure to comply with such restrictions may constitute a violation of applicable securities laws.

Neither Perpetual nor Metrics guarantees repayment of capital or any particular rate of return from the Trust.  Neither Perpetual nor Metrics give any representation or warranty as to the reliability, completeness or accuracy of the information contained in this document.  All opinions and estimates included in this document constitute judgments of Metrics as at the date of this document and are subject to change without notice.  Past performance is not a reliable indicator of future performance.

OVERVIEW

Unique Access to Investment Opportunities and Portfolio Diversification

The MCP Master Income Trust provides investors with the advantage of direct exposure to the Australian corporate loan market — a space dominated by the regulated banks.


Attractive Monthly Returns

MXT targets a return of the RBA cash rate plus 3.25% p.a. (currently 4.00% p.a. net of fees) through the economic cycle, with income distributions intended to be paid monthly. Since listing on the ASX in October 2017, MXT has delivered a net return of 5.45% pa.


Distributions

Distributions will be paid monthly. The Responsible Entity has established a Distribution Reinvestment Plan (DRP) which allows Unitholders to reinvest monthly income distributions. Click here for the DRP.

LISTED
ASX CODE
9 October 2017
MXT
Market cap
Net asset value
$1,282,952,786
$1,278,772,419
Unit price
Nav per unit
$2.01
$2.0086
31 December 2019Distribution per unit (cents)
Distribution per unit (%)
0.79
0.39%

WHY INVEST IN MXT

As a respected, Australian based alternative asset manager currently managing in excess of A$5 billion in assets, we’re experts at originating, structuring, negotiating, executing, distributing and managing portfolio risk associated with private market assets. MXT seeks to provide investors with:

  • Monthly cash income with reduced capital volatility
  • Attractive risk-adjusted returns from a diversified portfolio
  • Portfolio diversification from an investment in Australian corporate fixed income
  • An experienced, active management team
  • Low management fees

Who is MXT for?
At Metrics, we believe that fixed income is an important feature of a balanced portfolio and is an increasingly attractive asset class for investors seeking capital stability, regular income and building a more defensive strategy. MXT may be suitable for investors looking for regular monthly income without exposure to the volatility of the equity markets, and a reduced risk of capital loss compared to direct equity investments.

An investment strategy that seeks to preserve capital and offers opportunity
MXT’s investment strategy is to provide exposure to Australian corporate loans that generally reflect bank market activity, diversified by borrower, industry and credit quality. Through active portfolio risk management, we seek to balance investor requirements for return and capital preservation.


EXTERNAL RESEARCH

MONTHLY PERFORMANCE

NAV/Unit and Unit Price Performance as at January 31, 2020

MXT performance

Fund Performance as at January 31, 2020

MXT performance

Monthly Investment Updates
The MCP Master Income Trust monthly report will be released around the 10th of each month.

MXT Unitholder Announcements

Stay up to date with key ASX announcements including latest earnings, annual reports, important performance updates and other information.

Our Investment Committee speak at many investor events. Stay up to date with presentations and investor updates they present.



MXT ENTITLEMENT AND SHORTFALL OFFER: Offer now open

The MCP Master Income Trust (ASX:MXT) has generated a return of 5.45% p.a. net of all fees and costs since listing in October 2017 (past performance is not a reliable indicator of future performance).

MXT aims to give you access to a diversified corporate loan portfolio invested across different borrowers, industries and the credit spectrum. MXT targets a minimum return of the RBA cash rate plus 3.25% p.a. (currently 4.00% p.a., the target return is only a target and may not be achieved).

KEY BENEFITS OF INVESTING IN MXT INCLUDE:

  • Monthly cash income with low risk of capital loss
  • Attractive risk-adjusted returns from a diversified portfolio of > 140 loans
  • An experienced and active management team with a proven track record
  • Low management fees
  • Daily liquidity via trading units on the ASX

THE MXT ENTITLEMENT AND SHORTFALL OFFER AIMS TO DELIVER

  • Additional scale to expand participation in Australia’s corporate lending market
  • Develop greater portfolio diversification
  • Additional market liquidity through expanded investor base
  • Reduced overall cost to unit holders

 

KEY DATES

LODGEMENT OF PDS WITH ASIC24th January 2020
UNITS TRADE ON EX-ENTITLEMENT BASIS11th February 2020
RECORD DATE FOR ENTITLEMENT OFFER12th February 2020
ENTITLEMENT & SHORTFALL OFFERS OPEN13th February 2020
OFFERS CLOSE (5:00pm Sydney time)6th March 2020
NEW UNITS QUOTED ON ASX ON DEFERRED SETTLEMENT BASIS9th March 2020
RESULTS OF OFFER ANNOUNCED9th March 2020
ISSUE OF NEW UNITS UNDER ENTITLEMENT OFFER13th March 2020
NORMAL TRADE OF NEW UNITS UNDER ENTITLEMENT OFFER16th March 2020
ISSUE OF NEW UNITS UNDER SHORTFALL OFFER18th March 2020
NORMAL TRADE OF NEW UNITS UNDER SHORTFALL OFFER20th March 2020

The above timetable is indicative only and subject to change without notice, including closing the offer early, extending the closing date for the offer or accepting late applications, or withdrawing the offer for any reason. All times and dates refer to Sydney time. Any changes to the offer timetable will be made via the website: www.metrics.com.au/mxt/ and ASX announcement.

DISCLAIMER

This document is issued by The Trust Company (RE Services) Limited ACN 003 278 831 AFSL 235150 (Perpetual) as responsible entity of MCP Master Income Trust ARSN 620 465 090 (Trust) and is prepared by Metrics Credit Partners Pty Ltd ACN 150 646 996 AFSL 416146 (Metrics) as the investment manager of the Trust.

The information provided in this document is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs.  Units in the Trust are issued by Perpetual as responsible entity for the Trust.  Before making an investment decision about the Trust, you should read and consider the product disclosure statement (PDS) of the Trust dated 24th January 2020, which is available from metrics.com.au/mxt/, carefully and in its entirety, consider the appropriateness of the information and if an investment in the Trust is appropriate having regard to your objectives, financial situation and needs, and obtain advice from an appropriate financial adviser.

This document does not constitute an offer of units in the Trust in any jurisdiction where it would be unlawful.  In particular, the distribution of this document may be restricted by law in any country outside Australia and New Zealand.  Any failure to comply with such restrictions may constitute a violation of applicable securities laws.

Neither Perpetual nor Metrics guarantees repayment of capital or any particular rate of return from the Trust.  Neither Perpetual nor Metrics give any representation or warranty as to the reliability, completeness or accuracy of the information contained in this document.  All opinions and estimates included in this document constitute judgments of Metrics as at the date of this document and are subject to change without notice.  Past performance is not a reliable indicator of future performance.

OVERVIEW

Unique Access to Investment Opportunities and Portfolio Diversification

The MCP Master Income Trust provides investors with the advantage of direct exposure to the Australian corporate loan market — a space dominated by the regulated banks.

Attractive Monthly Returns

MXT targets a return of the RBA cash rate plus 3.25% p.a. (currently 4.00% p.a. net of fees) through the economic cycle, with income distributions intended to be paid monthly. Since listing on the ASX in October 2017, MXT has delivered a net return of 5.45% pa.

Distributions

Distributions will be paid monthly. The Responsible Entity has established a Distribution Reinvestment Plan (DRP) which allows Unitholders to reinvest monthly income distributions. Click here for the DRP.
LISTED
ASX CODE
9 October 2017
MXT
Market cap
Net asset value
$1,282,952,786
$1,278,772,419
Unit price
Nav per unit
$2.01
$2.0086
31 December 2019Distribution per unit (cents)
Distribution per unit (%)
0.79
0.39%

WHY INVEST IN MXT

As a respected, Australian based alternative asset manager currently managing in excess of A$5 billion in assets, we’re experts at originating, structuring, negotiating, executing, distributing and managing portfolio risk associated with private market assets. MXT seeks to provide investors with:
  • Monthly cash income with reduced capital volatility
  • Attractive risk-adjusted returns from a diversified portfolio
  • Portfolio diversification from an investment in Australian corporate fixed income
  • An experienced, active management team
  • Low management fees
Who is MXT for? At Metrics, we believe that fixed income is an important feature of a balanced portfolio and is an increasingly attractive asset class for investors seeking capital stability, regular income and building a more defensive strategy. MXT may be suitable for investors looking for regular monthly income without exposure to the volatility of the equity markets, and a reduced risk of capital loss compared to direct equity investments. An investment strategy that seeks to preserve capital and offers opportunity MXT’s investment strategy is to provide exposure to Australian corporate loans that generally reflect bank market activity, diversified by borrower, industry and credit quality. Through active portfolio risk management, we seek to balance investor requirements for return and capital preservation.

EXTERNAL RESEARCH

MONTHLY PERFORMANCE

NAV/Unit and Unit Price Performance as at January 31, 2020

MXT performance

Fund Performance as at January 31, 2020

MXT performance

Monthly Investment Updates
The MCP Master Income Trust monthly report will be released around the 10th of each month.

MXT Unitholder Announcements

Stay up to date with key ASX announcements including latest earnings, annual reports, important performance updates and other information.

Our Investment Committee speak at many investor events. Stay up to date with presentations and investor updates they present.


Current Unit Price: (20 min. delayed price) ASX:MXT $2.01 0.50%
NAV as at COB: 23.02.20 $2.0086
Current Unit Price: (20 min. delayed price) ASX:MOT $2.04 0.49%
NAV as at COB: 23.02.20 $2.0211

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Disclaimer and disclosure

All website content in respect of the MCP Master Income Trust ARSN 620 465 090 (the Trust) is issued by The Trust Company (RE Services) Limited ABN 45 003 278 831 AFSL 235 150 (Perpetual) as responsible entity of the Trust and is prepared by Metrics Credit Partners Pty Ltd ABN 27 150 646 996 AFSL 416 146 (Metrics) as the investment manager of the Trust.

The information provided in this website is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision in respect of the Trust, you should consider the current product disclosure statement (PDS) of the Trust and the Trust’s other periodic and continuous disclosure announcements lodged with the ASX, which are available at www.asx.com.au/, and assess whether the Trust is appropriate given your objectives, financial situation or needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser.

Neither Perpetual nor Metrics guarantees repayment of capital or any particular rate of return from the Trust. Neither Perpetual nor Metrics gives any representation or warranty as to the currency, reliability, completeness or accuracy of the information contained in this website. All opinions and estimates included in this website constitute judgments of Metrics as at the date of website creation and are subject to change without notice. Past performance is not a reliable indicator of future performance.

Cororate Governance
Personal Trading in Non-Perpetual Securities | RE Services Personal Trading in Non-Perpetual Securities | Unitholders Communications Policy | Continuous Disclosure Policy

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned May/2019) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines

Disclaimer and disclosure

All website content in respect of the MCP Income Opportunities Trust ARSN 631 320 628 (the Trust) is issued by The Trust Company (RE Services) Limited ABN 45 003 278 831 AFSL 235 150 (Perpetual) as responsible entity of the Trust and is prepared by Metrics Credit Partners Pty Ltd ABN 27 150 646 996 AFSL 416 146 (Metrics) as the investment manager of the Trust.

The information provided in this website is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision in respect of the Trust, you should consider the current product disclosure statement (PDS) of the Trust, and the Trust’s other periodic and continuous disclosure announcements lodged with the ASX, which are available at www.asx.com.au, and assess whether the Trust is appropriate given your objectives, financial situation or needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser.

Neither Perpetual nor Metrics guarantees repayment of capital or any particular rate of return from the Trust. Neither Perpetual nor Metrics gives any representation or warranty as to the currency, reliability, completeness or accuracy of the information contained in this website. All opinions and estimates included in this website constitute judgments of Metrics as at the date of website creation and are subject to change without notice. Past performance is not a reliable indicator of future performance.

Cororate Governance
Personal Trading in Non-Perpetual Securities | RE Services Personal Trading in Non-Perpetual Securities | Unitholders Communications Policy | Continuous Disclosure Policy

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned May/2019) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines

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