prime retirement & aged care property trust pds 2003 supplementary
TRANSCRIPT
8/4/2019 Prime Retirement & Aged Care Property Trust PDS 2003 Supplementary
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PROPERTY RUST
Higtryieldingsecured irectproperty nvestment.I009i/oax advantagedistributions
&HE PRIMEGashDistributionsfrom
10.0o/o"PaidMonthly
. LargestProperty rust of itnskind
. Estalrlished 001
' Singlepurposeassetclass
. LongTerm eases 20years)established perations
y' Income is paid monthlyrdR't""rsx
r' Suitable or both private nvestorcand Super Funds/ Noentryfeesr' lnvest rom ust $10,000
The PrimeRetirementndAgedCareProperty rusthasbeencreatedo facilitate edicatedinvestmentn oneof Australia'sastedgrowing roperty ssetclassesretirement nd agedcarefacilities.
It is the objective f the rust ogrow he undwith urtheracquisitionss deemed rudent y the
Directorsf theResponsiblentity ndas such eturns ndyieldsmayvary.
Anyone ishingo apply or Units n he rustmust ompleteheapplicationorm ntheProduct isclosuretatementated {tth ugust 003. oobtainmoreinformationontact itherNeilBurnardr rineKlar
lEIKEbbel-t rnvestmentBanx
Level 75 1132 rthur StreetNorth Sydney NSW 2060
Ph:02 9$290900 Fax:0299290988e-mai [email protected]_ln.u www.{ebbel. om.au
Kebbel has comp ed this document as an information summary only. Thissummary document does not form part of the pDS or thePrime Retircment and Aged Care Prcperty Trust, Investors must read and rely on the Produd Dlsdoser Document when making adecisionto invest.
Distriibutions
8/4/2019 Prime Retirement & Aged Care Property Trust PDS 2003 Supplementary
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Income Distr ibut ionsMonthlyncome istributionshownas cenlts erunit,whichcontinue o be lQQo/oax advantaged,ogeilrerwithanaccumulatedannualised ercentage*eturn reas follows:
11 . 0 0
10.50
10.00
9.50
9.00
Jul- Aug-Sep- Oct- Nov-Dec-Jan- Feb- Mar-Apr-03 03 03 03 03 03 04 04 04 04
Month
Update uly 04
trL
=o
Ee
lvlay-
04
Ju n-
04
Theslightall nyield inceNovember003 n hepreviousquader assince ormalisedssetilementn urtheracquisitionsuch s heBuderimevelopmr=ntoes hrough.
Capital Raised o DateTotal apitalnvestmento date asat g July04) s$s7.s2mill ion ithanaveragenflow f$4.5mill ion ermonth. hetotal ebtof heTrustscurrently39.Smill ironndcash s at$7.3mill ion endingettlementsn heBuderimndSunburypropertiesseebelow).
New Property Acquisitions- BuderimTheBuderim roperty assettled n30April. ince hen t hasbeenaptly amed uderim
ardens etirementil lageo bemanaged y heDirectorsf he Responsibl,entity.t sprojectedhat ncomerom he Buderim roperly illdouble re-acquisitionotalpropertyncomen henext woyears, ushingoverall ieldsntodouble igit igures.
Jan 04 Feb04 Mar04 Apr04 May04 Jun04
0.80c 0.79c 0.79c 0.79c 0.82c 0.83c
10 .01% 9.95% e.90% 9.86% 9.86% 9.87o/o-Theremay eslight ariationsndistributionpercentageetumsue o oundingo wodecimaltaces.
*".",JJffff-----7l$un{rV
*-**'*
R::,^,.^^Jcr**cbu"r
\ lMdton (.Eacctus Ma/sh. \
i
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NewPropertyAcquisitionsGont...- SunburyWe arepleasedo announcehatsettlementn heSunburyproperty ccurredn 30 June.
Al lpropertiesurrentlyeing easedo Primelife il lbe
undergoingullmaintenancend efurbishment.s of30 Juneall
propertiesrealsocurrentlyndergoingfull evaluation.e
should avemorenformationn henextupdate.
SupplementaryroductDisclosure tatementPDS)
A SupplementaryDS s nowavailable.heSupplementaryDS
is a supplementaryocumenthichncludespdatednformation
to hePDSdated 5August 003.
Youcanobtain copyof heSupplementaryDSby contactingyour inancial dvisor r byvisitinghePrimeRetirementrust's
website ww. rimetrust.om. u.
A new esearcheportwillalsobe availablehortlyo accompieny
theSupplementaryDS.
Restructureof PrimelifeDue o recentpress eleases egardinghe restructure f
Primelife,t s mportanto emphasisehatPrimeli fe
Corporations a listedpublic nti tyon the Australlan tock
Exchange.t has no ownership r any ormof association itlh
the PrimeRetirement rustother han beingan arms ength
tenant o some of the villagesownedby the Trust.Theseare
all heldon long eases asedon commercialerms.
The leasesprovide ha t n the eventof a default romPrimelife,
all businessassetsautomaticallyevert o theTrust.
Management f thevil lages anbe mmediatelyakenoveror
anotherprofessional anager an be appointed y the Trust.
It seems hat he new controlling hareholders f Primelife r,e
undergoing'cleaningup'process egardinghe development
projects nheritedhroughPrimelife'sounderMr Ted Sent.
On this basis, he Responsible ntitywill be reviewingutureManagement greements ith otherpartiesother han
Primelife,with he view of reducing ts dependence n one
Licensee.
Redemption Policy
In responseo the ackof liquidityn
the Trust, he Responsible ntityhas
implemented Redemption olicy
and amended he Constitution f the
Trustaccordingly.
The Redemption riceof eachunit
will be the NetTangible ssetof the
Unit essany ransactionostsand a
5% redemptionee .Redemptions
can be madeat any imeby giving
notice n writing.Redemptions i llbe
madewithin21 daysafter he endof
the monthof receiptof the nottce f
thereare sufficientiquidassets.
Moredetailednformation n the
Redemption olicy an be found nthe SupplementaryDS dated5 JulY
?004.
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The Prime Retirement & AgedCare PropertyTrust,:,ARSN037 514746
'SupplementaryProduct OisclosureStatement
To be read n conjunction ih ThePrimeRetirement AgedCareProperty rustProductDisclosure htemgnt
dated5August003
The PrimeRetirr=ment AgedCareProperty rust
ARSN 097 514 -,746SupplementaryProduct isclosure tatement
ResponsiblentibtAustralian roperty ustodian oldingsimitedABN 74 O95474 '136
FSRLic.No.226692
To be read n conjunction ithThe PrimeRetirement AgedCare Property rustProduct
Disclosure tatement ated 5August 003.
This Supplementary Product DisclosureStatemenl dated 5 July zOM, is a supplementarydocurnrenthat
provides updated nfrrrmationo that ncluded n he ProductDisclosureStatementdated 15 August2003 for The'prime
Retirement & Aged Care Property Trust issued by AustralianProperty Custodian Holdings Limited
("Product D sc los u e Statement).
This SupplementaryProduct DisclosureStatements to be read ogetherwith he ProductDisclosureStatement
dated ii Ausust'2r0O3 andprevailsover tto the extentof any inconsistency. The AustralianSecuritiesand
lnvestments ommission akesno responsibilit ys o itscontents'
ThePrimeRetirementAgedCareProperty rustARSN 97514746
SupplementryProduct isclosuretatement
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TFre Frirne Fletirernenr( O Aged Care Froper{y Trust
ARSN 37514746Supplementaryroduct isclosuretatement
To be read n conjunction it hThe PrimeRetirement Aged Care Propelrt'1TrustroductDisclosure tatement
dated15 August2003
CONTENTS
Section lPage
THEPROPERTIES ." . . . . . '
REDEMPTIONF: NITS . . " . .3
cusToDlANSHlP. . . .. . . . . . . . " '
FACILITY ANAGEMNT .. . . . . . . . . '
ASSUMPTIONSOTHEPROJECTEDISTRIBUTIONI'ATEMENT .. . . . . . . . . .6
F INANCIALNFORMATION . . . " . " . .7
PROJECTEDIS;TRIBUTIONTATEMENT ." . '7
STATEMENTFFINANCIALOSIT ION. . . . . . "
PRO-FORMAISTRIBUTIONTATEMENTITHAPNFUI'JDN\/ESTMENT ... . .
PRo-FORMATATEMENTFPOSITION ITHAPNFUND NVE:STMENT
u* i ib ,hJuNE2gg5 . . 10
STATEMENTYDIRECTORS... . . . . . 11
GLOSSARY . . . , ,12
CORPORATEIIRECTORY ..."15
INSTRUCTIONSOAPPLICANTS .. . 6
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ThePrime etirementAged are ropertyrustARSN 37514746'Supplementary roductDlsclosure tatement
To be read nconjunctionihThePrimeRetirementAgedCarePropertyrustProduct isclosuretatEmentdated5 August 003
1. THEPROPERTIES
Montclaire
Theacquisitionf the Montclaireacility idnotproceed ecause rctTttT'rercialermsbetweenthe elevant arties;ould otbe agreed.
TheTrusthasnowacquired further ropertynown s Buderim ardensRetirementiillage.
BuderimGardensRetirementi l lage
BuderimGardenswas purchasedor $23 million luscostsand s;ettledn 30thApril2004.The 62 acrepropertys 2 kilometresnlandromMooloolabandcomprises 00 housesn a
rainforeststate.
Buderims located92 km northof Brisbane n the mountains,ehind aroochydorendCaloundra.
The Retirement 'illage il lbe managed nd not leasedwhich s expectedo achie've etincomenexcess cf 3 million rth noverall ield xpectedobe n double igit igures.
An associatednlityof twoof the Directors f theResponsiblentitynamelyWilliam-ewski
and Knsmanaques),s responsibleor themanagementf the Rretirementillage ursuant
to a Management,Agreement.
In additionhe Rersponsiblentity as enteredntocontracts;o ac:quirehe balance f land
annexed o the f?etirement llage or $2.4 million lus costs and intends o developa
substantialgedCare acility n he andwhichwill omplimentheRt:tirement llage.
APNRetirement roperties und APNFund)
In 2OO3 he Trust made a scrip based takeoverbid f,or the,APN Fund which was
unsuccessful.
TheBoard as es;olvedo consider newbid or heAPNFundn hecominginancialtear.
2 . REDEMPTIONF UNITS
TheResponsiblentity asamendedhe Constitutionf the Trust o allow or redemptionf
units yunitholders.
Investmentsn threTrustmay be redeemed t any time b'ygivingnotice n writing o theResponsiblentitl. Redemptionillbe madewithin 1 daysafter he end of the monthof
receipt f thenotir:ef there resufficientiquid ssets n heTrusto make he edemption
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ThePrime etirementAgedCare roperty rustARSN 037 51 4 74 6
Supplementaryrorduct isclosure tatement
To be read n conjunctionwithThe Prime Retirement& Aged Care PropertyTrustProductDisclosureStatement
dated 15 August2003
paymentn full. lf thereare not sufflcientiquid ssetswithinhe Trusto satisfy llreOemptionequestsn a givenmonthhe Responsibleltiqfwilldetermine hethero make
a proportionalalrment o-each
of the redemptionequestete:sr tc,defer edemptionntil he
toitowingmonth. The Responsible ntitymay also withrdrawhe redemptton ffer at its
discretion.
The redemption,rice f eachUnitwillbe the NetTangible,Assetalue f the Unit essany
transactionosts ncluding5o/oedemptionee.
Thepaymentf your edemptionanbe:
o fftade ya chequehat s sent oyourpostal 66rsss,3l '
e depositedoyournominatedccount t a bank r otherinancialnstitution.
Up o twobusine:rsaysshould e allowedor electronicransfers;o yourbankaccount nd
up o three usinerssays or an electronicransferoyourcredit nrionccount.
Whenmaking writtenequestor redemptionleaseememlrero.
r state our ullname
o gtipulatetreamount, r number f units ouwish o redeelm nd howyou would ike
tobepaid
. includeourdaytimeelephoneumber
c ?ndsignY'ourequest.
3. CUSTODIANSHIP
pursuanto the e:xpiry f the nitialermof theCustody greement ithStateTrustees tdon
13 July 2OO4he'Responsible ntitywillac t as its ownCustodiann accordanceithand
prrruaht o its Arustralianinancial eMcesLicenceermsandcrcnditions.ccordingly ith
effect rom13JulY 004'.
TheResponsiblentity ill old itle o thePropertiesnbehalf f theTrust;
All referenceso the "Custodian"n tre PrimeRetirement l\ged Care PropertyTrustproductDisclosure tatement ated 15 August2003will nowbe deemed o refer o the
Responsiblentilywhere he contexteferso ttreholding f tiueandcustody f Trustassets
includingheProPlerties;nd
Al l referenceso StateTrustees ctngas Custodianr to the Custody greementetween
the Responsiblentity ndStateTrustees reno onger pplicable.
4
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The PrimeRetiremernt Aged CarePropertyTrustARSN 37514746SupplementaryProduct DisclosureStatement
To be read n conjunctionithThePrimeRetirementAgedCarePropefty rustProductDisclosure tatement
dated 5August 003
4. FACILIT\T ANAGEMENT
The Responsiblerntityhas determined ecauseof marketc()nditions nd in order tocontinue roMh lnd reduce ts dependencen one Licerrseehat t mayneed o enter ntoManagementgreements ithparties ther han Primelifen ceilaincircumstancesor themanagementf its facilities.Accordingly,ot all Propertie:; il lbre he subject f lottg ermmanagementnd lease contracts etween rimelife orporatiorrimited s manager ndlessee nd he Responsiblentity.
An associated ntityof twoof the Directorsnamely,William evleki nd KnsmanJaques),
of the Responsiblentitywith he requisitexpertiseasbeenest;ablishedor thepurpose f
actingas Manager f someof the Properties.OtherManagers re also o be consideredwhereappropriate.
UnderManagementgreementshe Trustearnsal l the operationalncome ess any eespayable o the tVlanager.ncome arnedby the Trust s expectedo be greaterunderaManagement greement. However here is no certainty f ia fixed paymentundera
Managementgreements opposedo a Lease.
In addition, he Trust is likely o generatedevelopnrentrofit by undertaking sset
enhancemento existingacilities r sites n circumstancelshere he Responsible ntity
considerst o be or the ong erm uture enefit f thehighes;tndbestuseof tsproperrties
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ThePrimeRetiremerntAgedCareProperty rustAR.SN 37 514 746Supplementary roductDisclosure tatement
To be read n conjunctionithTh ePrimeRetirement,AgedCarePropertyrustProduct isclosuretatement
dated15August 003
ASSUMPTIONSOTHEPROJECTEDISTRIBUTIONTA.TEMENT
The Responsible ntity's istributionrojectionsavebeenprepared n thebasisof 'various
assumptions.nv'estorshould ppreciatehatmany actorswhichmayaffect esultsmaybeoutside he controlof the Responsiblentity r maynot be capable f being oreseenoraccuratelyrediclled. s such, ctualesultsmaydiffer rorn hese rojections.
Themoresigniflcantssumptionsreoutlinedelow-
1. Income r,omhe propertiesandunitsn heAPNF:undn F'ro-Formatatements)re
calculatedln accordance ith he Managementgrr:ementsr Leasesentered nto
by he Re:sponsiblentity.Z. (i) Tl-reMontclaireacility asnotacquired er:ause 1[ nacceptableommercial
terms.
(ii) Tl^reHeathglen ursingHorneagreement as been renegotiated nd is
subject to a development greementvrith F'rimelifeand will derive
de,velopmentrofitn ieuof rentduringhe2005and2006 inancialears,
(iii) Tl-re unburyacility as reconfiguredo a 51 bed icensed gedcar€!acility
witha reducedurchaserice ndcorresponclingent.
(iv) Tlre Buderim roperty illbe the subject f a developmentgreementor agO-bed gedbarb acility ndwillderivedeveloprrentrofit n the 20t06and
2ClO7inancialearsandongoingperationalncomel.
3. Annual ent eviews re ncreasedy3% or eachproperty;ncome rowth f 3o/o .a '
for propefties nderManagementgreements.
4. Interestiates uringhe orecast eriod verageT.Cto/o.rltT'l€acilities re ixedand
somearevariable ndcurrentlyverage '85o/o.
5. Responsible ntity'sees are to be calculatedn accordancewith the Trust's
Constrtutionndmaybe deferred ndpaid n futureperiods.Otherexpensesnclude
estimatesor accounting,uditing,ustodial,nd any€Xpr3l1s€sroperlyncurred ytheTrust nrespect f tsactivittes.
6. The Tax Advantagedomponents calculated n erllowarrcesermitted urs;uanto
the Divisircn0 anO gallowancesf the Income al :Asse:sSfi'lentct("TaxA'ct") nd
provision:sf the Actwhichpermithe amortrzatronf Establishmentnd Bo'rrowing
costs.
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ThePrimeRetiremenltAgedCareProperty rustARSN 037 514 746Supplementar y roduct DisclosureStatement
To be read n conjunctionit hThePrimeRetirementAgedCareProperV rustProduct isclosuretatement
dated 5August 003
FINANCIALNFORMATION
Thissection etsoutdetails f financialnformationubjecto thenotedassumptionsor theacquisitionsy heTrustat hisstage.Future cquisitionsill hang€)rojectedeturns.
PROJECTED ISTRIBUTION TATEMENT
Setoutbelow re heTrust istributionrojectionsor hene)diveyearperiod,e lnancialyearsended 0 June2005 o 2009.
Financialear
CumberlandRiverwoodHeathglenHeathglenNHTannoch rae R\ /Tannoch rae HLitflePara
SummerwoodSunburyBuderim
TotalPropefi Income
Less Expenses
lnterestRE& Admin
TotalExpenses
Distributablenconre
d / Unit
Less TaxAllowances
Taxablencome
TaxAdvantagedomponent
2005
326418757
1 ,050423549636
9786613,300
9,098
2,751712
3,463
5,635
1 0 . 1
8,869
(3,224)l
100%
2006
336431780
1,050436565655
1,0O76815,899
11 ,840
2,7511,255
4,006
7,834
14 .1
7,363
(2,763)
100%
$'000s
",2007
34t544,3803
44,:9583675
1 ,0387016,631
11 ,669
2,7511,02'5
3,776
7,89,4
14.2
5,33
(207
100%
2008
356456827
462600695
1 ,0697224,255
9,442
2,751778
3,529
5 ,91
10 .6
4,912
794
87%
2009
366470852
4766 1 87 1 6
1 , 1 0 17444,383
9,726
2,751801
3,552
6 , 1 7
1 1 1
4,504
1 ,670
73o/o
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The PrimeRetirement AgedCarePropertyTrustARSN O37 514 74G
Supplementary roductDisclosureStatement
To be read nconjunctionithThePrimeRetirementAgedCareProp,ertyrustProduct isclosuretatementdated15August 00:3
STATEMENT F FINANCIAL OSITIC)N
$ 'ct00s
Units n ssueAssetRevaluatiorr
Capital ccount
Current ssetsCashandCashEquivalents
IntangiblessetsTrustEstablishffierntostsBorrowing osts
FixedAssetsInvestmentsn Prrrperties
Totetl ssets
Less-NonCurrent iabilitiesMortgageoansSecured)
Unaudited3016104
55,291
55,291
Pro-Forma30/6/05
59,5005,300
64,800
Pro-Forma30/6/16
59,5009,300
68,800
7,300 3,300 2,400
4 ,8 1240
5,290192
5,290154
82.236 95.31 100,256
94,591
39.300
1 4 ,1 0
39.300
1 8,1 0
39.300
55.291 64.800 68.800
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The PrimeRetirement& Aged CarePropertyTrustARSN O37 514 74 6
Supplementary roductDisclosure tatement
To be read n conjunctionithThePrimeRetirementAgedCareProperty rustProductDisclosure tatementdated 5August 00:3
PRO-FORMA ISTRIBUTIONTATEME:NTWITHAPN FUND NVESTMF.NT
$i 000s
Financialear
1. PrimeDistributablencomeAdd ncomerom75o/oPNFundUnits
TotalDistributablencome
2. @100% Pf\lFundUnits
TotalDistributablencome
d / Unit
NOTE
(l ) Theabov€rrojectionsrepredicatedn a cashbidof $2.55perAPNunit;
(ii) Theaboverrojectionsssume ebt unding f $7.5mlnd$10m espectively.
2005 2006 2007 2008 2009
5,635780
7,f3341,t i60
7,8941 ,605
5 , 9 1 31 ,658
6 , 1 7I ,710
6 ,41
1 ,040
9,394
2,080
9,499
2 ,140
7 5712,210
7,984
2.280
6,675
9.5
9 ,91
14.2
10 ,034
14.3
8,123
11 . 6
8,454
12.1
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The PrimeRetiremernt Aged CarePropertyTrustARSNO3 751 474 6Supplementary roductDisclosure tatement
To be read n conjunctionithThePrimeRetirement,Aged areProprertyrustProduct isclosuretatementdated 5 August 00:3
PRO.FORMA TATEMENT F POSITIoNVI/ITH PN FUND NVESTMENT SAt 30th LINE2OO5
$ 000s
1 . @75%API{FundUnits
Capital /c
Representedy -TotalPrimeAssetsAdd A,PNUnits
TotalAsset,sLess Liabilit ies
@100% PNFundUnits
CapitalA/c
Representedy :-TotalPrimeAssetsAdd /\PNUnits
TotalAssetsLess Liabilit ies
2 .
1 4 ,1 016,500
104,1 022,OOO
:23,800
120,60046,800
_73,800
:Z9,B9q
126,000
_€!9q
76,800
1 0
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ThePrimeRetirement AgedCareProperty rust
AF.SN OO 7 01+ 7+ G
Supplementaryrodutct isclosure tatement
Tobe eadnconjunctignih rhe primeRetirementAged areProperfirust roduct isclosuretatement
dated 5August003
STATEMENTYDIRECTORSThe Directors state that they have made all reasonableen_quiri€'s.nd have le?scrhabl€
groundsto betievethat al l statementsby Austalian PropertyCustodianHoldingsLtd in this
SupplementaryD$ are rueandnotmisleading.
EachDirectorhas consentedn writingo the issueof thisSupplenrentaryDSandhas not
withdrawnhatconS;€ht.
ThisSupplementanyDS is dated5 Juty2oo4and s signedor andon behalfof Australian
Propefi Custodianroldings imited y:
CEDRIC ICHARD ALMER ECKEYtrr^t trt\/tr n|RF:CTOR ,r'7EXECUTIVEIRE:CTOR
JOHN
1 1
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Th e Prime Retirement & Aged Care Property TrustARSN037 5,t474 6Supplennentary Procluct Disclosure Statement
To be read n conjunction ithTh e PrimeRetirement Aged CareProperty rustProductDisclosure tatement
dated 15 August2003,
GLOSSARY
Applicant I a personor entitywhosubrmitsn Applicatiorrorm
| (ACNOe5474436)
Annual ee I annuatee or rentpilyable 'yLicensees
IunderhisSupplemerntaryDS
I
Application I an applicationor thesubscriptionf Unitsunder hisI SupplementaryDS;
Applicationorm I an npplication ormattachedo this SupplenrentaryI PDS
Applicationoney I money paid by an Applicanto accompany n
IApplicationorm
ASIC I Austratianecuritieslnd nrrestmentsommission
Acquisition I the acquisition f the Properties
APCHL I Australian roperty ustodian oldings imited
Australian inanciatervices icence the icence number) 2665)2ranted yASIC o the
or Licence r AFSLicence I nesponsibleEntity authorisinghe Responsible
Complianceommittee I thecomplianceommitteeor heTrust
Compliancelan I tnecompliancelanrr esperctf heTrust
Constitution I theconstitutionf theTrust
Corporationsct I theCorporationsct2001 Cth)
Custodian I State Trustees Limitedunttl 13 July 2OO4and
I Entityo oPerateheSichemr=.
IASX I Australian tockExchange-td
IthereafterheResporrsibleintity
Custodygreement I tne C)ustodygreenrentretweenhe Responsible
I fntityand heCustodianelertingo theTrustI
Deed I wtanagement ee'Cor l-ease entered into by
IPrimelifeorPorationtd
Directors I tn" directorsf heRespons;iblentity
Dollars r$ | dollarsnAustralianurrencv
1 2
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ThePrimeRetirement AgedCareProperty rustARSN O37 514 74 6
SupplementaryProcluctDisclosureStatement
To be read nconjunctionithThePrimeRetirement AgedCarePropefty rustProductDisclosure tatement
dated 5August 003,
Financiers
Licensees
Loan
Manager
Management grerement
Primelife
Properties
Rent
Responsiblentihl
SupplementaryDS
means an)/ lender or banking nstitutionwhose ermsand conditions f finanr:e reacceptableo he Responsiblentity
Primelife Corportttion Ltd and/orr itssubsidiariesnd/or elated ntities
the loanobrtanedtry the Responsible ntityfrom Financierso facilitate ettlementf thepurchasef he Properties
Operator nd/orManager f a facility
a fee base'd greemento manage facilityenterednto ry he Responsible ntitywithaManager
Primelife Corporation Ltd and/or itssubsidiariesnd/orRelated ntities
Heathglenetirefil€rhtillageRivenvoodostelCumberlandiewNursingHome
Tannoch raeRetirementillageTannoch raeHostelLittleParaHostelSummenuoodeni'orLivingand HealthcareFacilitySunburySenior [-ivingand Health CareFacilityBuderim arclens letiement illageAPN RetirementProperttesFund (APNFund)
TheVillageWillietmstownPortPhillipAltonia
MewBankGardens RosannaKoorootang llage Mt MarthaMeadowak: illage Pakenham
annualee or rentpayable y Licensee:s
Australian Property Custodian HoldingsLimited ACN 095 474 436) being the
ResponsiblentitYf the Trust
this SupplementaryProduct Dist:losureStatement
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The rime etirementAgedarePropertyrustARSN 37514746SupplementaryProdluctDisclosureStatement
To be read nconjunction ithThePrimeRetirement,AgedCareProperty rust Product isclosure tal'ement
dated 5August 00 3
TaxAct
Trust, chemer tJnit rust
lncome axAssessmentct
the unit tust constiturtedunder theConstitutionnownasThe PrimeRetirementand AgedCare PropertyTrust,ARSIN097514746
a Unitn heTrust
a person egistere'Js a unit holderundertheTrustConstitutic,nnd heholder f Units
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ThePrimeRetiremenrtAgedCareProperty rustARSN 037 514 74 6
SupplementaryroductDisclosure tatenrent
To be read n conjunctionwithThe PrimeRetirement& Aged CarePropefi TrustProductDisclosureStatement
dated15 August2003
CORPORATEIRECTORY
Responsible ntitY
Australian roperty ustodian olrCings.td(ABN 4095474 436)(FSRLic.No.226692)
Unit5/3MyrtleStreetBrighton ctoria 186
Telephone:03)9{t92 511
Facsimile:03)95931116
Directors of the ResponsibleEnllity
JohnDeans
\Mlliam ionel eutski
CedricRichard erlrnereck
Kjnsman amuelfaques
MarkFrederict<utler
GomplianceCommittee
AndrewDonaldson
lanRichard ond
William ionel ewski
tllhairman
lvlanagingirector
li:xecutive irector
Itlxecutive irector
lltl n-Executiveirector
llxternalMember
ExternalMember
lntemal ember
Auditor f the Responsiblent i ty nd heTrustandCompliance lan
PitcherPaftners;
Level6161Collins treetMelbourne ctoria 000
Solicitors o the ResponsibleEntity
Madgwicks awyers
Level19535 BourkeStreertMelbourneictoria 000
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ThePrimeRetirementAgedCareProperty rustARSN 037 514 74 6
Supplementary roductDisclosure tatement
To be read n conjunc,lionithThePrimeRetirement AgedCareProperty rustProductDisclosure tatement
dated 5August 003
INSTRUCTIONSOAPPLICANTS
Typeof Investor
lndividual
Us egiven ames, ro tnitials
CompanyUs egiven ame, otabbreviations
JointHoldingsUse ullandcomPleteames
TrustsUs e rustee(s)ersonalames,do notusename f he rust
DeceasedEstatesUs eexecutor(s)ersonalames,do notusename f hedeceased.
Minor(aperson nderheageof 18)Use hename f a resPonsibleadultwith heaPProPriatedesignation
PartnershiPsUs e hepartners'ersonalames
LongNames
Clubs/lncorPoratedBodies/BusinessamesUseoffice earer'sames, otname f club tc
Superannuationrunds
Usenamef rustee f fund, ot
nameof fundATF(asTrusteeor )
CorrectFormof RegistrableName
Mr ThomasPeterSmith
ABC Pty Ltd
Mr PeterRobertWilliams&
Ms LouiseSusanWilliams
Mr RichardSmith<RichardSmithFamilYTrustA/C>
Mr HaroldSmittt<Est PeterSmithA/c>
Mr RichardSmith<PeterSmithA/C>'
Mr John RobertSmithand Mr
MichaelEdwardSmith<JohnSmithand Son A/C>
Mr JohnWlliam Alexander
Robertson-Smith
Mr DavidPeterSmith<ABCSwimming ssociation>
T & H DavidPtv Ltd<Tom & HelenDavid
Superannuationund>
IncorrectFormof RegistrableName
T P {imith
AB C P/ Lor ABC Co
PeterRobert&
LouiseS \Mlliams
RichardSmithFamilYTrust
Estateof the late PeterSmittror
PeterSmithDeceased
MasterPeterSmith
JohnSmith& So n
Mr JrrhnW A Robertson-Srnith
AB C SwimmingAssociation
To m & HelenDavid
Superannuationun d
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ChequeHere
THE PRln[E etirement& agedcat€ PROPERTY'TRUSTARSN 97514746
Appl icat ionForm
Refer o instructionsor correct orm of registqlqQle'$ieE
SINGLE/JOINTAPPUCANT : GMEN ll.AME(S) R COMPANYMME :JURNAME
PostalAddressDetail
UNTTO. STREET O STREETNAME
STATESUBURB/CITYPOSTCODE
Or PostOfficeBoxor oher MailBo x jeta i lsi f aPPlicable)
POBOXNO . SUBIJRB/CMY STATE POSTCODE
fo meet the requirements of the Corporations Act, this Application Form
must not be djstrjbuted or used unless atlached to thrs Supplementary P,roductDisclosure
Statement
. This upplementaryroduct isclosuretatements obeeadogetherithheProduct
DisclosureStatement ated15 Augus;t 003'. Follow nstrucbons n page 16 of trresupplementary roductDisclosure tiatement
- Printclearly n CAPTTAL ETTERSusingblueor black nk
f* ' ' .*fooefr|SA.Applicantetails -t+(9bFullname including BN f applicable)
ENTER FNOI E(EMttrTlONATEGORY
ADVISOR/BROKERSTIWP
JOINTAPPLICANT2: GIvENMME(S) OFI COMPANYNAME
JOINTAPPLICANT3: Gt\rENMME(S) OFI COMPANYNAME ENTERTFN OR EXEMI]TIONCATEGORY
Contact Details
l"lAME:
WORK PH: ( )
HOMEPH . ( )
E-tvlAlL.
D. nvestment4ount
IA/VEPPLY OR:NUMBEROFUNITS:
minimum f 10,000 nd ncrements f 1,000units n heTrust r such esser umber f units ha t al located me/us
IA//E ODGE PPUCAT]ONONIES F:
APPLICATIONMONIES:AU3 AT $1.00PE RUNIT
E. ChequeDetal ls Lodgeyou applicatronor mas soonas possib le ' heques houldbe crosserdNo tNegobable' ndmadepayableo
F. Request or Direct Credit of Distributions
Please redital lpayment f TrustdisFibutions lr
Pnm e nt
DRAWER
BANK
BSB:
FIMNCIAL NSTTTUNONNDBRAJICH:
POSTAL DDRESS:
NAMENWHICH CCOUNTSHELD:
i ls
AIvIOUNT:
to mylour accountwr! tfr9l9!]9wn9. 5falian banl'r, uildi society r creditunion:
BI]B:
A(]COUNTNUMBER:
s. 127of ureCorporations ct in he presenceof :
ll"o".il""]1ili"2*, for units n Thaprime
RetiremenindAged care propertyTrust. /we acrarovrl€,dge.greeand understandr'"t l/we have
receivedhe attached upptementaw.iu"ibii"iot"t" StatEmeni,no irisaiplicatlons completednd odged,ccordingo the SupplementaryproductDisclosuretatement./we ugr"" ;-b" oouno v the ermsgndconditionsf theconstigion 'f tlreTrust asmaybeamendedrom jme o
hme).Neither e Responsiblenttv noiu"v oiit, asi6ciates r.offcersor persons amedn this s;upplementaryroductDisclosure tatement
ouaranteesheperformancet ne trusi oitie iepaymentf capital r anyparticutarateot capital r ncome etum.ThB onbactwitflme/us rising
ffi?;:;;;il;;;;i tr,i.eppii"ution,ri n" go;#.J ov rh" r'* of Vicroria.f rhisApplications signed nderpower t atomevonmv/our ehalf.
theAtomeysiateslat he hasno notice f revocationt hatpower f attomey'
l . SigningArea
IndividuaUs igned y theApplicant: R
;ffi;;;ignZJo"uenatr oittrecompanyn accordanceiffrtsconsttr-tionnd/or
APPUCANTTDIRECTOR. MMEIIPRINT)
MMEtiPRINT)
Please eturnyour completeclApp licationor mwithyo-ur he-qJe(s)t9i--
Th eprimeRetlrementC ge dCareProperlyTrust,PO Box 4275'
JO NT APPLICAI'{T2/DlRECTOR/SECR =TARY
Wishaft, 'Vic,189