Frequently Asked Questions
To invest you will need to fill out an application form contained in the Product Disclosure Statement (PDS). Applications can only be made on these forms and must be accompanied by a cheque or a payment by Electronic Funds Transfer.
Distributions are payable quarterly in arrears around 7 days following the end of each quarter. The last month of each quarter is September, December, March and June.
The Trust is not open to daily withdrawals. The Trust is an illiquid investment and investors should only expect to redeem their investment in the Trust through a Limited Withdrawal Offer, a Liquidity Event or when it is wound up.
As per the Trust’s Product Disclosure Statement, it provides Limited Withdrawal Offers and Liquidity Events.
Limited Withdrawal Offers are intended to be made every three months, subject to the Trust having available liquid assets. Liquidity Events will be offered every five years.
Please refer to the Withdrawal Mechanisms section of the Product Disclosure Statement for additional information.
Units in Trust are also transferable and investors may elect to sell their units privately.
We cannot assist investors to find a buyer for their units. However, if an investor does find a willing buyer and negotiates the sale of their units, a standard transfer and application form will need to be completed by each party and sent to us for processing. Forms are available for download on the Documents & Forms page.
A Limited Withdrawal Offer is a way for us to assist investors who wish to access their capital by offering an opportunity to redeem their investment.
As per the Trust’s Product Disclosure Statement, Limited Withdrawal Offers are intended to be made every three months, subject to the fund having available liquid assets.
GDA Securities intends to notify investors of upcoming Limited Withdrawal Offers via a quarterly notice which will include a withdrawal form.
To participate in a Limited Withdrawal Offer, investors will need to complete a withdrawal form and submit completed forms to us for processing prior to the Limited Withdrawal Offer closing date which will be detailed in the quarterly notice.
Any forms received after a Limited Withdrawal Offer has closed will not be counted or valid and will not receive a redemption. The withdrawal form would be carried over to the next available Limited Withdrawal Offer.
The amount you receive from a Limited Withdrawal Offer will depend on the total value of all requests received. As a result, the amount you receive may be less than the amount you have requested. If the total value of requests from investors exceeds the amount available, your request will be met pro-rata.
Yes, a transfer takes place when you decide to sell all or part of your investment to another person or entity. A transfer is a change of ownership of units within the same trust. A separate standard transfer form is required to transfer your holding for each registered holding.
Please seek financial advice.
The standard transfer form can be found on our Documents & Forms page.
Please note that when a transfer takes place, we treat this as a new holding, even if it is a simple name change. Therefore, all banking details, tax file numbers, Australian business numbers (ABNs) and adviser details will need to be provided on the new transfer form.
The option to reinvest your distributions is available to investors. Please refer to the Distributions section of the Product Disclosure Statement for additional information.
Annual taxation statements are mailed or emailed to investors in August/September for each separate investment held. The annual taxation statement shows the taxation components of the distribution payments made throughout the year. Investors should wait to receive this statement before lodging their tax return. Please contact your tax adviser should you have any questions on the information contained within the taxation statement.
To notify a change of your details, please advise us in writing using the relevant form based on your circumstances. Forms are available for download on the Documents & Forms page.