Message to investors | Purchase of Units | Product Disclosure Statement

One of the most exciting and positive developments for Mayne is that the Fund has continued to grow from humble beginnings back in 1968 to now having more than $320,000,000 in funds under management.

This continued growth is a credit to the policies and philosophies Mayne has maintained throughout its history and is evidence that utilising the experience of the Board and management team, and in restricting lending primarily to commercial projects located within the North Coast of NSW and managing investments for local people, gives the organisation a solid, secure ground to build on. It also offers confidence to borrowers and investors, which is paramount when dealing with the important issue of money.

The benefit the Fund receives from the breadth of expertise and experience of our team of Directors has played a great part in our growth. Barry Wappett, who retired as Executive Managing Director (30th June, 2000), has continued as a Director and maintains a close contact with our General Manager, Greg Andersen and the management team. The practice of maintaining close links between the Board and management has been the driving force behind the growth of the Fund. This practice will continue into the future.

Investor Funds statistics since 1997 (as at 31 May 2007)

Contact us to discover the Mayne Difference

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Purchase of Units

• For your initial investment an application form for units (attached to the back of the Product Disclosure Statement - PDF) must be signed by the applicant. In the case of joint applicants, each must sign.   It is essential that you have read and understood the PDS before making your initial investment.  For identification purposes, we require a photocopy of your drivers licence or other form of Government Issued identification.  For other entities such as Superannuation Funds, Trusts or Companies, Mayne requires other forms of identification.  Please contact our office on 02 6622 4236.
  
  
• To purchase additional units for an existing account, please complete the Application for Additional Units form.
  
  
• The quarterly distribution is determined by the Responsible Entity, based on the operating profit of the Fund for that quarter.
  
  
• The distribution is based on daily balances and is paid quarterly at the end of February, May, August and November. The distribution is not paid until the end of the quarter, regardless of whether the investment account has been closed beforehand.
  
  
• There are no entry fees or government charges. However, there may be transaction costs on redemption.
  
  
• The quarterly distribution can be applied to the purchase of further Fund units, paid by cheque to you or be deposited to your designated bank account.
  
  
• Minimum original purchase is 100 units (cost $100).
  
  
• Not negotiable cheques should be payable to "Perpetual Nominees Ltd ATF Northern Investment Trust Fund". Cash or Direct Credit is not accepted.
  
  
• A receipt representing the value of the Units purchased, will be issued.
  
  
• To redeem Units, the following is required:
  • Complete Unit Redemption Form to the value of the amount to be redeemed.
  • Payments are by “Not Negotiable” cheque or by electronic transfer to the investor’s designated bank account.
  • If the cheque is to be paid to a third party, appropriate written authorisation is required to be detailed on the Unit Redemption Form.
  • Bank cheques may be made available, provided sufficient notice (24 hours) is given.
  • Redemption prodeeds can be electronically deposited to an investor's Bank account provided all details of that account are noted on the Unit Redemption Form.
  • Transaction costs may be incurred on redemption.
    

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