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ANGAS PRIME

Target rate 5.95^%p.a.*

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INVESTOR SERVICE HOTLINE 1800 010 800

Product Disclosure Statement

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Angas Prime Product Disclosure Statement (PDS)
Angas Direct Product Disclosure Statement (PDS)

Angas Securities holds AFS Licence 232479 issued by ASIC to act as the Responsible Entity for Angas Direct, Angas Prime and Angas Asset Management Fund.

*The Target Rate for your investment is not fixed and may fluctuate up or down during the term of your investment.

REGULATORY ADVICE applicable to all investments of this nature: The investment offer is contained in the current disclosure document. Your investment is not a bank deposit. There is a risk that you could lose some or all of your principal. You must consider the current disclosure document before deciding whether to invest. Applications may only be made using the application form contained in the disclosure document. You may receive lower than expected returns.

Adelaide | Perth | - Angas Securities Limited ABN 50 091 942 728
Angas Securities Limited holds Australian Financial Services Licence No 232479

CORONAVIRUS UPDATE:

Angas Securities can reassure shareholders that Angas Securities is playing its part in managing business effectively and responsibly in the midst of the unfolding public health situation. The interests of shareholders will not be compromised whilst Angas Securities adopts sensible working arrangements which address all safety guidelines and meet community expectations.

Angas Securities offices in Perth and Adelaide will remain open during normal business hours until further notice. The staff complement on site will be reduced. Whilst many staff will be working remotely from home, there will be no compromise in the efficacy of our system controls nor compliance arrangements. The public authorities are discouraging non-essential personal meetings, but shareholders can contact Angas Securities by phone or email in real time or by personal attendance at Angas Securities offices subject to strict personal distancing and hygiene protocols being met.

Business continues for Angas Securities by adapting to the constraints of the present circumstances. Deal flow continues for the ongoing mortgage trusts to generate income for Angas Securities. Funds are being advanced and repaid. Electronic settlement systems and banking transfers mean that the financial system continues to operate safely and securely. Lawyers, conveyancers and valuers remain in operation to service Angas Securities’ requirements.

Angas Securities manages the Angas Asset Management Fund in which many shareholders hold units following the restructure of the former debenture business. A Quarterly Overview as at 31 March 2020 will be sent to AAMF unitholders next month. Realisation of AAMF units is fully dependent on market conditions and buyer appetite for AAMF assets. It is too early to determine what impact, if any, the changing conditions brought about by the government reaction to COVID 19 virus will have. Certainly, the federal government is driving additional credit and liquidity. Whether or not this will spur on potential asset purchasers remains to be seen. Angas Securities will pursue sales in order to return funds when it can to AAMF investors.

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