Current Unit Price: (20 min. delayed price) ASX:MXT $2.02 -0.49%
NAV as at COB: 16.05.19 $2.0075
Current Unit Price: (20 min. delayed price) ASX:MOT $2.05 0.00%
NAV as at COB: 15.05.19 $2.0065

MXT

MCP Master Income Trust

Entitlement & Shortfall Offer Now Open

Unique access to investment opportunities and portfolio diversification

The MCP Master Income Trust listed on the ASX with the ticker MXT in 2017. It provides investors with exposure to the Australian corporate loan market, which is traditionally dominated by regulated banks and is typically hard for non-bank investors to access. MXT seeks to provide monthly cash income with reduced capital volatility from a diversified portfolio of private debt assets.*


Attractive monthly returns

The Trust has consistently delivered cash income of 5.8% per annum over the 12 months including March 2019 and 5.5% per annum since listing in October 2017*. MXT targets a return of the RBA Cash Rate plus 3.25% p.a. (currently 4.75% net of fees) through the economic cycle, with income distributions to be paid monthly.**


MXT Entitlement and Shortfall Offer

The Offer aims to provide unitholders with the following benefits:

  • additional scale and further portfolio diversification
  • additional market liquidity through expanded investor base
  • reduced overall costs to unitholders

*Past Performance is not a reliable indicator of future performance.
**MXT may not be successful in achieving its target returns or its investment objective.

 

KEY OFFER DETAILS

ENTITLEMENT & SHORTFALL OFFER SIZEUp to $400 million
TARGET RETURNRBA cash rate plus 3.25% p.a.*
DISTRIBUTION FREQUENCYMonthly
INDIVIDUAL LOAN INVESTMENTSMore than 100 (as at 31 March 2019)
ENTITLEMENT OFFER RATIO1 for every 1.8 existing units
PRICE PER UNIT UNDER THE OFFER$2.00

*This is a target only and may not achieved.Further information in respect to the Shortfall Offer and applying for New Units under the Shortfall Offer is set out in section 2 of the PDS.

 

KEY DATES

ANNOUNCEMENT OF THE OFFER AND LODGEMENT OF PDS WITH ASIC16 April 2019
OFFER OPENS (9:00AM SYDNEY TIME) (OPENING DATE)7 May 2019
OFFER CLOSES (5:00PM SYDNEY TIME) (CLOSING DATE)27 May 2019
RESULTS OF THE OFFER ANNOUNCED29 May 2019
ISSUE OF NEW UNITS AND ADDITIONAL NEW UNITS UNDER THE ENTITLEMENT OFFER3 June 2019
NORMAL TRADING OF NEW UNITS AND ADDITIONAL NEW UNITS ISSUED UNDER THE ENTITLEMENT OFFER EXPECTED TO COMMENCE ON ASX4 June 2019
ISSUE OF NEW UNITS UNDER THE SHORTFALL OFFER7 June 2019
NORMAL TRADING OF NEW UNITS ISSUED UNDER THE SHORTFALL OFFER EXPECTED TO COMMENCE ON ASX11 June 2019

The Metrics Investment Team has on average 30+ years’ experience originating and managing debt market transactions. Metrics has delivered a market first with MXT by creating a listed investment trust that gives investors access to the bank-dominated private loan market in a liquid tradable format.

Metrics’ proven track record has helped MXT deliver attractive risk-adjusted returns since listing. That performance was rewarded last year when SuperRatings & Lonsec announced MXT as the winner of the “Listed Fund 2018 Award”.

The MXT Entitlement and Shortfall Offer provides investors with a new opportunity to access this award-winning product, with the aim of further enhancing market liquidity and lowering overall costs to unitholders.

*Past performance is not a reliable indicator of future returns and may not be repeated. MXT may not be successful in achieving its target return or investment objectives. The liquidity of units in MXT is subject to the appetite of third parties to purchase those units on ASX. Neither the Responsible Entity nor Metrics guarantees or makes any representation as to the price for which units in MXT can be bought or sold on the ASX

To find out more about the MXT broker firm offer please contact our distribution partner Pinnacle Investment Management.

Phone: 1300 010 311
Email: invest@metrics.com.au

You can also contact the following brokers:

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 4.75% p.a. net of fees) through the economic cycle, with income distributions intended to be paid monthly.


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
$735,532,787
$730,998,569
Unit price
Nav per unit
$2.02
$2.0075
Month – 30th April 2019Distribution per unit (cents)
Distribution per unit (%)
1.00 
0.5 (%)

WHY INVEST IN MXT

As a respected, Australian based alternative asset manager, we’re experts at originating, structuring, negotiating, executing, distributing and managing portfolio risk associated with private market assets. In other words, seeking out new opportunities for you. 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

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 April 30, 2019

Fund Performance as at April 30, 2019

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

MXT Unitholder Announcements

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


Entitlement & Shortfall Offer Opens Soon

Unique access to investment opportunities and portfolio diversification

The MCP Master Income Trust listed on the ASX with the ticker MXT in 2017. It provides investors with exposure to the Australian corporate loan market, which is traditionally dominated by regulated banks and is typically hard for non-bank investors to access. MXT seeks to provide monthly cash income with reduced capital volatility from a diversified portfolio of private debt assets.*


Attractive monthly returns

The Trust has consistently delivered cash income of 5.8% per annum over the 12 months including March 2019 and 5.5% per annum since listing in October 2017*. MXT targets a return of the RBA Cash Rate plus 3.25% p.a. (currently 4.75% net of fees) through the economic cycle, with income distributions to be paid monthly.**


MXT Entitlement and Shortfall Offer

The Offer aims to provide unitholders with the following benefits:

  • additional scale and further portfolio diversification
  • additional market liquidity through expanded investor base
  • reduced overall costs to unitholders

*Past Performance is not a reliable indicator of future performance.
**MXT may not be successful in achieving its target returns or its investment objective.

 

KEY OFFER DETAILS

ENTITLEMENT & SHORTFALL OFFER SIZEUp to $400 million
TARGET RETURNRBA cash rate plus 3.25% p.a.*
DISTRIBUTION FREQUENCYMonthly
INDIVIDUAL LOAN INVESTMENTSMore than 100 (as at 31 March 2019)
ENTITLEMENT OFFER RATIO1 for every 1.8 existing units
PRICE PER UNIT UNDER THE OFFER$2.00

*This is a target only and may not achieved.Further information in respect to the Shortfall Offer and applying for New Units under the Shortfall Offer is set out in section 2 of the PDS.

 

KEY DATES

ANNOUNCEMENT OF THE OFFER AND LODGEMENT OF PDS WITH ASIC16 April 2019
OFFER OPENS (9:00AM SYDNEY TIME) (OPENING DATE)7 May 2019
OFFER CLOSES (5:00PM SYDNEY TIME) (CLOSING DATE)27 May 2019
RESULTS OF THE OFFER ANNOUNCED29 May 2019
ISSUE OF NEW UNITS AND ADDITIONAL NEW UNITS UNDER THE ENTITLEMENT OFFER3 June 2019
NORMAL TRADING OF NEW UNITS AND ADDITIONAL NEW UNITS ISSUED UNDER THE ENTITLEMENT OFFER EXPECTED TO COMMENCE ON ASX4 June 2019
ISSUE OF NEW UNITS UNDER THE SHORTFALL OFFER7 June 2019
NORMAL TRADING OF NEW UNITS ISSUED UNDER THE SHORTFALL OFFER EXPECTED TO COMMENCE ON ASX11 June 2019

The Metrics Investment Team has on average 30+ years’ experience originating and managing debt market transactions. Metrics has delivered a market first with MXT by creating a listed investment trust that gives investors access to the bank-dominated private loan market in a liquid tradable format.

Metrics’ proven track record has helped MXT deliver attractive risk-adjusted returns since listing. That performance was rewarded last year when SuperRatings & Lonsec announced MXT as the winner of the “Listed Fund 2018 Award”.

The MXT Entitlement and Shortfall Offer provides investors with a new opportunity to access this award-winning product, with the aim of further enhancing market liquidity and lowering overall costs to unitholders.

*Past performance is not a reliable indicator of future returns and may not be repeated. MXT may not be successful in achieving its target return or investment objectives. The liquidity of units in MXT is subject to the appetite of third parties to purchase those units on ASX. Neither the Responsible Entity nor Metrics guarantees or makes any representation as to the price for which units in MXT can be bought or sold on the ASX

To find out more about the MXT broker firm offer please contact our distribution partner Pinnacle Investment Management.

Phone: 1300 010 311
Email: invest@metrics.com.au

You can also contact the following brokers:

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 4.75% p.a. net of fees) through the economic cycle, with income distributions intended to be paid monthly.


Distributions
Distributions will be paid monthly. The Responsible Entity has established a Distribution Reinvestment Plan which allows Unitholders to reinvest monthly income distributions.

LISTED
ASX CODE
9 October 2017
MXT
Market cap
Net asset value
$735,532,787
$730,998,569
Unit price
Nav per unit
$2.02
$2.0075
29th March 2019Distribution per unit (cents)
Distribution per unit (%)
TBC
TBC

WHY INVEST IN MXT

As a respected, Australian based alternative asset manager, we’re experts at originating, structuring, negotiating, executing, distributing and managing portfolio risk associated with private market assets. In other words, seeking out new opportunities for you. 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

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 March 31, 2019

MXT Performance

Fund Performance as at March 31, 2019
MXT performance

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

MXT Unitholder Announcements

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 $2.02 -0.49%
NAV as at COB: 16.05.19 $2.0075
Current Unit Price: (20 min. delayed price) ASX:MOT $2.05 0.00%
NAV as at COB: 15.05.19 $2.0065

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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

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, which is available and can be obtained from this website, 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

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