A member meeting was held today for the Fund where changes to the Constitution were recommended by the Board of the Responsible Manager, TPT Wealth. The results of the meeting were:

85.18% For the changes

14.82% Against the changes

4 Abstained from voting

As a result the recommended changes to the Constitution were approved.

Accordingly the Fund will be changed from 1 January 2022 as follows:

• Rolling 12 month investment term - investments in the Fund will mature on the anniversary of your initial investment date each year. If you choose not to redeem at that time, your investment will be automatically rolled over into a further twelve month investment period;
• 30 days’ notice required for redemption – to redeem without penalty you would need to submit a redemption request at least 30 days prior to the anniversary date of the investment. Payment will then usually occur within 3-5 business days after the anniversary date;
• Redemption at other times - you will still retain the ability to request a redemption outside the 30 days prior to the anniversary date. However to ensure that an adequate level of liquidity can be maintained these requests may be processed and paid at our discretion. If approved an early redemption fee may be payable as per the current terms in the Product Disclosure Statement;
• Maximum time to pay redemption request - the maximum time frame in which we can pay your withdrawal requests in times of low liquidity will change from 60 days to 180 days. As per our current practice, we will still endeavour to pay withdrawal requests within 3-5 days after the redemption notice period.

All other features of the Fund will remain as they currently are, including monthly distributions, however the minimum investment and balance will be reduced from $25,000 to $5,000.

We will be sending a letter by post to those invested in the Fund as at 22 September 2021 with details of the changes and what you can do if you want to transfer to another TPT Wealth Fund or elsewhere.

A Supplementary Product Disclosure Statement (SPDS) dated 22 September is available to detail the changes. You should read the relevant Product Disclosure Statement and the SPDS available here before making an investment decision.

This change will take effect from 1 January 2022.

How do I get more information?

The letter being sent to existing investors includes a Question and Answer sheet providing more detail on how the changes to the Fund will operate. If you have any questions in relation to the above please contact us on 1300 138 044.