I am pleased to announce that we will be launching a new listed fund called the eInvest Income Generator Fund (Managed Fund) ASX: EIGA in the coming weeks. If you are like me and place importance on a reliable income stream which is gross of franking credits, this Fund might be of interest to you.
We will be undertaking a capital raising during Q2 2018, seeking to raise up to $250 million through the issue of units at a subscription price of $4 per unit.
Information on the Fund is found below and you can register your interest in receiving the PDS by providing your contact details here. Perennial Investment Management Limited is the product issuer and units will be issued once the PDS becomes available. Anyone who wishes to apply for units will need to complete the application form attached to the PDS.
For more information, please contact us on 1300 730 032 or firstname.lastname@example.org.
I look forward to welcoming you, alongside myself and my colleagues, as an initial investor in the eInvest Income Generator Fund.
Managing Director of Perennial Value Management
*The distribution yield target is the gross yield based on the unit price at the start of the period, it is inclusive of franking credits. The final gross yield is not known until completion of each financial year. The distribution yield target is not guaranteed but is a target based on assumptions. Should these assumptions prove inaccurate this will change the final income outcome.
It aims to provide you a regular, monthly income. We do this by aiming for a gross yield (adjusted for franking credits and net of fees) above that provided by the S&P/ASX 300 Franking Credit Adjusted Total Return Index (Tax-Exempt).
It is suited to investors in the pension and superannuation phase who are seeking a greater level of income than that achieved by term deposits and are able to take full advantage of franking credits and share buybacks that the investments can provide.