The APN Property Plus Portfolio (ARSN: 101 227 614) is an unlisted direct real estate fund that is invested in a geographically diversified portfolio of Woolworths petrol outlets, 7-Eleven petrol outlets and a Shell petrol outlet.
Important update – Unitholder Meeting
The board of APN Funds Management Limited, as responsible entity of the APN Property Plus Portfolio, has approved issuing a Notice of Meeting and Explanatory Memorandum to investors about a proposal to implement a number of important changes to PPP, including delivering liquidity to those investors who wish to exit their investment. Under the proposal, the units in PPP will be stapled to the units in two other property funds to form the Convenience Retail REIT, which will be listed on the ASX.
APN Funds Management the Responsible Entity for the APN Property Plus Portfolio (“Fund”) advise that due to an upcoming Notice of Meeting for the Fund on 25 July 2017, the trading of units by way of transfer of units in the Fund will be placed in a Trading Halt from 4 July 2017 until the conclusion of the Meeting or otherwise determined.
Reliance on ASIC Class Order 13/655
APN Funds Management Limited has elected to rely on ASIC Class Order [13/655] in relation to the stapled group, Convenience Retail REIT, comprising the managed investment schemes APN Property Plus Portfolio ARSN 101 227 614, Convenience Retail REIT No. 2 ARSN 619527856 and Convenience Retail REIT No. 3 ARSN 619527829.