MAB Corporation Syndicated Loan Fund
MAB Funds as Trustee of the MAB Corporation Syndicated Loan Fund raised funds from wholesale investors in May 2016 and made a loan to MAB Corporation Pty Ltd (MAB Corp) for use as working capital.
For an investor who is also a purchaser of an apartment in MAB Corp’s Banksia residential development the proceeds upon payment of the final distribution will be applied to reduce the amount payable on the settlement of the purchase of the investor’s apartment/s.
Investors Return:
8.0% per annum, calculated daily and compounding monthly on the outstanding amount of the Loan, which will then be distributed to Unitholders pro rata to their Unitholding
Term:
MAB Funds expects the loan to repaid in December 2017 upon completion of the Banksia development but no later than 30 June 2020.
Financial
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