Following an extensive review, we have made the decision to terminate the TPT Equity Fund (ARSN 090 694 456) (Fund), effective as at 30 September 2020 (Termination Date).

Since closing the Fund to new investors in September 2017, the fund’s overall investment volume continues to be small, and not in a favourable proportion to the administration costs compared to other managed investment funds in our range, which have a higher investment volume. On balance, we believe it is in the best interests of our investors to terminate the Fund, giving them the opportunity to invest in alternative funds that are not constrained by inefficient size and, therefore, provide the potential for better returns.

What does this mean for investors in the TPT Equity Fund?

As of 30 June 2020 we will no longer accept any applications to acquire units in the Fund.

From the Termination Date, we will begin to realise the net assets of the Fund and distribute the balance of the Fund’s assets to its investors, in proportion to the number of units in the Fund they’ve been holding:

• We are asking investors to contact us to discuss adding termination proceeds to a new or existing fund or to provide a nominated bank account for proceeds to be paid into.
• Investors also have the option to initiate a full redemption prior to the Termination Date, by submitting a completed Redemption Form, which you can find here on our website.

Tax statements will be issued at the end of the 2021 financial year.

The Fund will continue to be professionally managed in the interim period by the TPT Wealth investment team.

Other TPT Wealth funds are not affected

We will continue to operate TPT Wealth’s Cash, Income and Growth Funds. If current investors in the TPT Equity Fund want to retain us as their investment manager, please click here for details on these managed investment funds, information on recent rates of return, information on risks and how to apply. Before making any investment decision, please read the Product Disclosure Statements for the relevant Funds. TPT Wealth Limited recommends that you seek independent professional advice that takes into account your investment objectives, financial situation, particular needs and/or other personal circumstances, before deciding whether to acquire, or continue to hold an investment.

Who can I speak to for more information?

We would be pleased to see you continue investing with us. Do not hesitate to contact us with your investment queries or questions about this continuous disclosure information on 1300 138 044.