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  • AIMS Commercial Mortgage Fund (formerly MacarthurCook Mortgage Fund)
Overview

NOTICE TO ALL UNITHOLDERS AND FINANCIAL ADVISORS

Withdrawal of Offer Documents

The Responsible Entity wishes to advise all unitholders and financial advisors that the following offer documents for AIMS Commercial Mortgage Fund (formerly MacarthurCook Mortgage Fund) have been withdrawn as of 29 August 2016:

MacarthurCook Mortgage Fund Product Disclosure Statement No.6 (dated 12 March 2009);

MacarthurCook Mortgage Fund Supplementary Product Disclosure Statement No. 1 (dated 24 July 2009);
MacarthurCook Mortgage Fund Supplementary Product Disclosure Statement No. 2 (dated 31 May 2011);
MacarthurCook Mortgage Fund Supplementary Product Disclosure Statement No. 3 (dated 29 June 2012);
MacarthurCook Mortgage Fund Supplementary Product Disclosure Statement No. 4 (dated 27 November 2012);
MacarthurCook Mortgage Fund Supplementary Product Disclosure Statement No. 5 (dated 7 December 2012);
MacarthurCook Mortgage Fund Supplementary Product Disclosure Statement No. 6 (dated 19 March 2013);
AIMS Commercial Mortgage Fund (formerly MacarthurCook Mortgage Fund) Supplementary Product Disclosure Statement No. 7 (dated 25 November 2013); and
AIMS Commercial Mortgage Fund (formerly MacarthurCook Mortgage Fund) Supplementary Product Disclosure Statement No. 8 (dated 29 November 2013).

Replacements Product Disclosure Statement

The Responsible Entity wishes to advise all unitholders and financial advisors that the following Product Disclosure Statement for AIMS Commercial Mortgage Fund is effective and in use as of 30 August 2016:

AIMS Commercial Mortgage Fund Product Disclosure Statement No. 7 (dated 30 August 2016).

Please contact the Responsible Entity if you require the historical offer documents or have any further enquiries regarding the above on 1300 655 197.



The AIMS Commercial Mortgage Fund is an unlisted registered managed investment scheme domiciled in Australia.

The Fund invests in mortgages, money market securities and fixed interest securities in accordance with the provisions of the Fund Constitution.

The objective of the Fund is to provide regular monthly income from a portfolio of loans secured by first registered mortgage over commercial, industrial, retail and residential property and other income producing investments. The Responsible Entity undertakes an assessment of a borrower’s financial capacity to meet its loan obligations as well as a detailed analysis of the value of the property providing the underlying security. All loans are limited to 66% of a valuation of the security property by an independent qualified valuer.

Investment Approach

The investment approach is to invest primarily in a diversified portfolio of loans in Australia, secured by registered first mortgages with some exposure to fixed interest and floating rate securities including mortgage backed securities, bills of exchange and negotiable instruments with a maturity of less than 185 days and deposits with banks and other financial institutions.

Our loan selection criteria is based on risk management and credit assessment guidelines. The mortgage portfolio is diversified across a number of areas and aims to achieve diversification both geographic and by property type. Loans will only be advanced against income producing commercial, retail, industrial and residential properties to a maximum loan to value ratio of 66% of a valuation amount from an approved independent licensed valuer. The Fund invests in properties located within most capital cities and specific major regional centres of Australia.

AIMS undertakes a comprehensive assessment of a borrower's financial capacity to meet its loan obligations, as well as a detailed analysis of the value of the property, which is the underlying security. Please refer to the Valuation Policy for more details.

Notice to Investors and Financial Planners

Investors are advised that withdrawals from the AIMS Commercial Mortgage Fund are available as follows:

Quarterly Withdrawal Offer

  • Investors will continue to have the opportunity to apply for our Quarterly Withdrawal Offers under rules outlined in the Corporations Act for non liquid schemes beyond September 2012.
  • Terms and conditions regarding our next available Quarterly Withdrawal Offer will be advised in our quarterly distribution letter.
Hardship Withdrawal facility
  • Investors experiencing financial hardship can apply for additional access to their investment if they meet the eligible criteria approved by ASIC. To apply for this facility or for further information please contact our Client Services area on 1300 655 197. Hardship withdrawal application form is also available on the link below.
     
Further Information