The Angas Prime Income Fund ("APIF") offers its investors a target rate which is based on the Fund's projected performace.
APIF has met the Target Rate each and every month since the Fund was launched. The Target Rate may vary from time to time during the term of the investment. It is reviewed by Angas quarterly in February, May, August and November each year. At its August 2016 meeting, the Angas Board adjusted the Target Rate from 7.5% to 6.95% to reflect market conditions and prevailing competitive factors including continued falls of Official Interest Rates set by the Reserve Bank of Australia. There will be no further change until at least 1 January 2017. Any change to the Target Rate will be advised to APIF investors in writing and reflected immediately in distributions paid for the period following the announcement.
Put Your Hard Earned Money To Work
We live in an era of seemingly diminishing returns.
Cost of living continues to rise whilst official interest rates continue to fall. The challenges are ever greater for self funded retirees or those planning for their retirement. Bank deposits (even for fixed terms) are paying the lowest interest rates for several generations. Buying shares on the stock exchange exposes investors to the risk of share prices falling. Not surprisingly, people are looking at ways to generate superior returns. They want to invest in a product that they can understand which will put their money to work. Angas Securities pools the funds of all investors in the Angas Prime Income Fund (“APIF”) and advances commercial property loans secured by first mortgage. The target rate for APIF investors is 6.95% per annum at present.
Head of Funds Management Brian Doherty has announced that a thorough review of the Compliance Plan for the Angas Prime Income Fund was signed off by the Angas Securities Board of Directors at its meeting held on 16 December 2016. “Investors are entitled to expect that all aspects of APIF’s operations are conducted efficiently and effectively to produce regular monthly distributions” said Mr Doherty.
The January 2017 issue of the Investor News is available to download here.