Dividend Yield.....


Senior Trust Retirement Dividend History.

IMPORTANT:

Please note that the bar chart below utilizes only the declared dividend and any Special dividend.  It DOES NOT include

 imputation credits (for NZ residents) and /or supplementary dividends (which are for non residents).  Information on

 Imputation credits and Supplementary dividends may be either found further down this page or on the NZX website.

The Senior Trust Management Team Have Been Delivering Investors Steady Attractive Returns For More Than 15 Years


​Senior Trust Retirement Village Fund Investment Portfolios

As illustrated by the chart below, the aggregated income earned on $10,000 if it was invested in each of the Senior Trust Retirement Village Fund Investment Portfolios for the 5 year period equals $3,678, which equates to a hypothetical average annualised return of 7.34% (pretax).

The purpose of this chart is to demonstrate the pre-tax annual income that could have been earned on $10,000 if it was invested in each of the Senior Trust Retirement Village Fund Investment Portfolios over the 5 year period from 1st April 2011 to 31st March 2016.


Key Features Of The Fund:

  • Senior Trust limits lending to any one retirement village to a maximum of 60% of the valuation of the village as determined by an independent registered valuation.

  • As the Fund is listed on the NZX Main Board, investors can offer their units for sale if they have a change in circumstance

  • Support operators who are capable, experienced and with a substantial financial commitment to their village.

  • Lend to Retirement Villages in a location with proven demographic demand.

  • Protection of investor return is paramount.

  • Conservative approach to lending has consistently maintained our commitment to investors.

  • Targeted income, PIE taxed, quarterly distributions.

Our track record of success - 17 Retirement Villages Nationwide


For the past 15 years the Senior Trust management team have been delivering steady attractive returns from solid Retirement Village assets. 
VSL Finance
​(Waitakere Gardens) Ltd
Issue: $7.75m secured notes
Purpose: Fund construction at Vision Waitakere Gardens
Matured and Fully Repaid
VSL Finance
Issue: $8.45m secured notes
​Purpose: Fund construction at Vision Dannemora
Matured and Fully Repaid
Senior Retirement Village Trust Issue: $6.5m Portfolio A
​Purpose: Multi village funding Matured and Fully Repaid
Senior Retirement Village Trust Issue: $6.37m Portfolio B
​Purpose: Multi village funding Matured and Fully Repaid
Senior Trust Retirement Village Fund Issue: $2.8m Portfolio C
Purpose: Whitby Lakes Village
Matured and Fully Repaid
Senior Trust Retirement Village Fund Issue: $9.3m Portfolio D
Purpose: Multi village funding
Matured and Fully Repaid
Senior Trust Retirement Village Fund Issue: $13.4m Portfolio E
Purpose: Multi village funding
​Maturity date February 2018
​Senior Trust Retirement Village Listed Fund Issue: open and accepting subscriptions to a maximum of  $45m
Purpose: Multi village mortgage funding
​Maturity date September 2021



Frequently Asked Questions

Please find below the most important questions for people new to investing with Senior Trust Retirement Village Listed Fund*;

WHY DO PEOPLE INVEST IN THE SENIOR TRUST RETIREMENT VILLAGE LISTED FUND?
There are many reasons why people might choose to invest in Senior Trust`s funds.  But typically we find that the key three compelling reasons are;

A HISTORY OF ATTRACTIVE RETURNS
 For more than 15 years the Senior Trust management team have been delivering investors steady attractive returns backed by solid Retirement Village assets. Our objective is to lend to retirement and aged care operators in a way that protects investors capital, as well as enabling us to pay a consistent, reliable and attractive return to our Unitholders at the targeted distribution rate of 6% per annum (before tax)    Click here to see history of returns 

STEADY INCOME BACKED BY SOLID ASSETS
Before making a Loan, an independent registered valuer assesses the market value of the assets offered by the borrower as security for the Loan. We ensure that retirement and aged care operators have a material stake in the Aged Care Facility or Retirement Village, provide personal guarantees or similar covenants in respect of all loans, and that total Fund and prior ranking lending is limited to 60% of an independently assessed value.

ABILITY TO SELL UNITS ON NZX MAIN BOARD
The Fund is listed on the NZX Main Board (code: SRF). Many Senior Trust investors have had a long involvement in investing in the sector and are reaching a stage of life where they seek the flexibility offered by the orderly and efficient trading facility provided by the listing of the units.
Since listing on 3 December 2015, a number of trades have been facilitated through the exchange on behalf of unit holders who have had a change of circumstance. All trades have been at par.   Click here to see trading history

WHAT ARE THE SOME OTHER KEY FEATURES?

  1. The target return on investment is 6% pre-tax and is sourced from interest payments on mortgage secured advances to retirement villages.
  2. The Fund is a Listed Portfolio Investment Entity (PIE)
  3. Senior Trust invests funds in loans to the retirement village sector – a sector that is growing strongly because of the rapidly increasing number of retirees in New Zealand.
  4. Senior Trust investments are well secured by mortgages over retirement villages - capped at 60% of the independently-assessed value of each retirement village.
  5. Senior Trust only invests in retirement villages with proven, reliable and competent operators.
  6. Senior Trust knows the retirement village sector well.  The management team has been involved in the industry since 2001 .
  7. The 17 retirement villages with which the management team has been involved, have continued to grow in value and prosper.
  8. The target  return is calculated after making an allowance for the deduction of fixed costs from the predicted interest income flow. The targeted distribution is not guaranteed.
 HOW OFTEN IS INVESTMENT INCOME PAID?
Any income earned on your investment is distributed every quarter.  The targeted distribution rate is 6.0% pre-tax.
IS THE FUND A LISTED PORTFOLIO INVESTMENT ENTITY (PIE)?
Yes.
WHERE WILL MY INCOME DISRIBUTION GET PAID TO?
The Application Form also asks you to specify the bank account you want any quarterly distributions direct credited to.
 HOW LONG DO I HAVE TO INVEST FOR? 
The current investment units on offer will be repaid to investors on 11th September 2021.  However, as the Fund is currently listed on the Main Board of the NZX, in the event of a change in circumstances, and if there are buyers, a unitholder may be able to sell all or part of their holding.
WHY ARE THE INVESTMENT UNITS LISTED ON THE NZX MAIN BOARD?
‘Listing’ gives investors another way to potentially buy and sell their Senior Trust Investment Units – which can be facilitated by Senior Trust or by using their own broker or adviser they are used to dealing with.  It allows our investors to have greater flexibility and orderliness in buying and selling their units.
That has particular importance for estate planners who want investment mechanisms which can be entered and exited with ease.
 WHAT IS THE MINIMUM AMOUNT I CAN INVEST?
The minimum investment is $100, and minimum increments of $100 thereafter.
 WHAT DOES `TARGETED DISTRIBUTION RATE` MEAN?
The calculation of the ‘targeted distribution rate’ is based on the interest rate Senior Trust charges on its loans to various retirement villages, less expenses incurred by, and any fees paid to, Senior Trust.  
YOUR DOCUMENTATION TALKS ABOUT `INVESTMENT UNITS`. WHAT IS AN INVESTMENT UNIT?
When you invest in Senior Trust`s funds you are buying an ‘investment unit’, which is pooled with other investors` units.  Because the Fund is listed on the Main Board of the NZX, you may be able to sell your units or buy more – flexibility which isn’t available with a bank term deposit. 
CAN THE VALUE OF MY UNITS GO UP AND DOWN?
Yes.  But we do not expect the price of the units to have the range of movement that shares do.  The price of the units may move in response to market forces (supply and demand for the units) which will be driven by the attractiveness of their return, or other things that are taken into account when calculating their value.
HOW WILL I KNOW WHETHER MY UNITS ARE GOING UP OR DOWN IN VALUE?
Currently, there are two ways you will know this –
  1. You may contact us at any time and ask the value of your units – by calling Senior Trust on 0800 609 600 or by emailing info@seniortrust.co.nz
  2. The units are now quoted on the NZX Main Board. Code SRF
 HOW DO I REQUEST FURTHER INFORMATION IN RESPECT TO INVESTING IN SENIOR TRUST?
Contact Senior Trust directly.  By –
  1. Provide us your contact details and we will send you an information memorandum
  2. Freephone Senior Trust on 0800 609 600.
  3. Email Senior Trust at info@seniortrust.co.nz
WHAT IS SO IMPORTANT ABOUT THE OFFER DOCUMENTS THAT I HAVE TO READ THEM?
The offer documents are for your protection.  It provides clear, concise and effective information necessary for you to make an informed decision as to whether to invest in Senior Trust or not. The risks of investing in the Fund are provided in the Offer Documents. We strongly recommend you read the Senior Trust Retirement Village Listed Fund Information Memorandum for QFP offer​​.
HOW DO I TRANSFER THE INVESTMENT MONEY TO SENIOR TRUST?
Your investment will only be accepted accompanied by a correctly completed Application Form.  That Application Form allows you to specify a bank account from which your investment funds can be withdrawn by Senior Trust.
Alternatively, you can send us a cheque with a correctly completed Application Form.


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