To enable our fund managers to invest longer term with the objective of improving yields for investors, the Board of TPT Wealth recommend changing the Fund via a member vote to be held on 22 September 2021 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 will be payable as per the current terms in the Product Disclosure Statement;
• Maximum time to pay redemption request - we will also look to change the maximum time frame in which we can pay your withdrawal requests in times of low liquidity 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 have sent a notice by post to those invested in the Fund as at 18 August 2021 with details of the changes, where and when the member vote will be held, how to vote at the meeting or beforehand if you are unable to attend and what you can do if you want to transfer to another TPT Wealth Fund or elsewhere.

A Supplementary Product Disclosure Statement (SPDS) dated 24 August is available to detail the change. 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 if passed at the member meeting on 22 September 2021. We will advise of the outcome of the meeting after that time.

How do I get more information to help me make a decision?

Existing investors requiring more information can view a recording of our online information session here. If you require any further information relating to our full range of investment options or assistance with these proposed changes please contact us on 1300 138 044.