Click on a question below to see the answer:
Parts of this summary have been extracted from the PDS. Read the PDS in full before deciding to invest in Goodman PLUS. Please note that the PDS is dated 26 November 2007 and that the information contained in it may no longer be current.
Who has issued Goodman PLUS?
Goodman PLUS are issued by Goodman Funds Management Limited in its capacity as responsible entity of the Goodman PLUS Trust. The Goodman PLUS Trust is a sub trust of Goodman Industrial Trust. The Goodman Industrial Trust and Goodman International Limited are the two head entities of the Goodman Group.
Back to top
What are Goodman PLUS?
Goodman PLUS are perpetual, preferred units in the Goodman PLUS Trust.
Back to top
How do I invest?
Goodman PLUS are listed on the ASX, so you can buy hybrid securities just like you would buy shares through your adviser, stockbroker or an online broker.
Back to top
What is the Goodman PLUS ASX code?
Goodman PLUS trade on the ASX under the code GMPPA. The Goodman PLUS Trust is listed under the code GMP.
Back to top
How are the Distributions calculated?
Goodman PLUS offer unfranked, quarterly, floating rate, non-cumulative and discretionary Distribution Amounts.
Distribution Amounts are scheduled to be paid on 21 March, 21 June, 21 September and 21 December each year with the first Distribution scheduled for 21 March 2008.
Distributions will be calculated using the following formula:
Distribution Rate x $100 x number of days in the relevant Distribution Period
365
The Distribution Rate for the first Distribution Period (from the Issue Date to 21 March 2008 inclusive) will be the sum of the Market Rate and the Margin:
- the Market Rate will be the three month bank bill rate determined on the
Issue Date which is 7.2267%; and
- the Margin will be 1.90%. Consequently, the Distribution Rate for the first Distribution Period will be 9.1267%.
For each subsequent Distribution Period, until the First Remarketing Date, the Distribution Rate will be the sum of the Market Rate (determined on the first Business Day of each Distribution Period) and a Margin of 1.90%. For the first four Distribution Periods, the Distribution Rate will not be less than 8.50%.
The Market Rate, the Margin and certain other terms of the Goodman PLUS can be adjusted by the Issuer at each Remarketing Date through the Remarketing Process. If a new Margin is not determined through a Remarketing Process, the Margin increases by a step-up of 1.00%.
Back to top
Will Distribution Amounts always be paid?
A Distribution Amount may not be paid. Distributions are payable at the discretion of the Issuer. If not paid, no further entitlement accrues on any part of a Distribution Amount.
Back to top
How will Distribution Amounts be paid?
Distribution Amounts will be paid by the Issuer in Australian currency by direct credit to a nominated account at an Australian financial institution and a notice of the payment will be mailed to the Holder’s registered address. If a nominated account is not provided, a cheque will be mailed to the Holder’s registered address. To be entitled to payment of Distribution Amounts, the Holder must be recorded as a registered Holder on the Record Date.
Back to top
How do I contact Goodman PLUS Trust?
Goodman PLUS Trust
Level 10
60 Castlereagh Street
Sydney NSW 2000
Toll Free 1300 791 100
Facsimile +61 2 9230 7444
Email info-au@goodmanintl.com
Website www.goodmanintl.com
Back to top
How do I change my investment details, eg. name, address, method of payment?
You must forward written notice of any changes to your investment details to the Security Registrar. You may wish to download a Change of Address Form and complete and return it to the Security Registrar. If you are an issuer-sponsored holder, you can change your address details on this website . For security reasons, this facility is not available to broker-sponsored holders and these holders will need to advise their sponsoring participant of any change.
Back to top
What does listed mean?
An entity is ”listed” when its securities are quoted on a stock exchange. The securities of Goodman PLUS Trust are listed on the ASX. As Goodman PLUS will be traded, their value will rise and fall according to market conditions.
For more information on listed property trusts, click here
Back to top
How do I obtain a PDS for Goodman PLUS?
As Goodman PLUS are listed on the ASX, you do not need a PDS to invest. You can simply buy or sell securities in GMPPA by contacting your stockbroker or financial adviser.
For a copy of the PDS please click here. The PDS is dated 26 November 2007 and the information contained in it may no longer be current.
Back to top
What is the value of my investment?
As Goodman PLUS are listed on the ASX, their value can change throughout the day. To calculate the value of your investment, simply multiply the number of securities you hold by the current security price. Your number of securities can be found on your latest distribution statement or through the Security Registrar and recent securities prices are available in most major metropolitan newspapers.
Back to top
What is the ex-distribution date?
The ex-distribution date is the date on which securities change from being quoted ‘cum’ to ‘ex’. Goodman PLUS are usually quoted ex-distribution for four business days before the Record Date. Goodman PLUS sold ex-distribution entitle the seller (the previous owner) to receive the last declared distribution prior to the sale, rather than the purchaser. The security price may fall on the ex-distribution date, with the fall in price being similar to the amount of distribution to be paid.
Back to top
What does "cum-distribution" mean?
Cum means "with". Securities quoted on a cum-distribution basis means that securities are being traded with the current distribution attached (the price of the securities will usually reflect the amount of the distribution). Securities sold cum-distribution do not entitle the previous owner to receive the last distribution prior to the sale, that is, the purchaser will receive the declared distribution.
Back to top
When will I receive my annual tax statement?
In August each year, an annual tax statement for the year ended 30 June is mailed to all Securityholders who have held an investment in GMPPA during that tax year. The annual tax statement summarises the distributions and dividends paid during the year and includes information required to complete your annual tax return.
Back to top