Angas Prime will be led in 2020 by experienced personnel with strong foundations in the business. Pictured are Brian Doherty, Chief Executive Officer, Stephen Harvey, Head of Credit and Andrew Luckhurst-Smith, Executive Chairman. Together, they comprise the Credit Committee which approves all loan investments made by Angas Prime and has oversight of the conduct and performance of those investments until they are discharged.
The close relationship that Angas Securities enjoys with its customer and business introducers has been built up during twenty years as a non-bank lender. The key relationships have been forged through changing conditions to underpin a reliable deal flow for Angas Prime. The result is a competitive advantage that drives returns for Angas Prime investors.
Now may be the right time to change gears and put your funds to work in a pool of first mortgages, registered over Australian real estate. Angas Prime may be the favourable alternative that you have been looking for. Angas Prime will pay income to you each month during the term of your investment, leaving you free to concentrate on the things in life that you enjoy.
Since its establishment in 1984 as Prime Mortgage Trust the Fund, which became Angas Prime in 2010, has delivered returns through the management of pooled funds invested in registered mortgages over Australian real property.
Randal Williams accepted an offer to join the Angas Securities board of directors, effective 1 March 2019. Mr Williams is a highly experienced financial services lawyer and senior executive who is the current Managing Director at Melbourne private investment and consulting firm T C Wollaston & Co. He previously held several key roles during a fifteen year career at La Trobe Financial Services (“La Trobe”) in Melbourne. In his time at La Trobe, its funds management business grew from approximately $1 billion in 2003 to around $7 billion in 2018.
Angas Prime actively manages and maintains cash flow forecasts that demonstrate the Fund’s ability to meet its ongoing obligations. These forecasts are actively maintained and reported to the Angas Securities Board on a monthly basis. Angas Prime aims to retain appropriate cash in order to meet the needs of reasonably foreseeable withdrawal requests whilst balancing the objective of maximising returns. Maintaining sufficient available cash is subject to short term fluctuations that are an inevitable consequence of the timing of inflows to and outflows from the Fund.
Invest Now for a Target Rate of 6.5% p.a. Paid Monthly
As the end of the Financial Year approaches, many private investors are reviewing their portfolios with an eye to balancing capital growth with cash returns. The Angas Prime Income Fund (“Angas Prime”) offers investors a Target Rate of cash paid monthly which is based on the expected performance of the Fund over the next quarterly period. Angas Prime has met its Target Rate each and every month since the Fund was launched.
Angas Prime Income Fund (“APIF”) investors can now enjoy the convenience and security of depositing funds into their ANGAS PRIME account via BPAY®.