Cromwell increases distributions
Cromwell Funds Management has announced monthly distribution increases for Property Trust 12, Riverpark Trust and Ipswich City Heart Trust by 0.25 cents per unit thanks to increases in annual rental income from the assets the company managed.
Cromwell’s head of retail funds management, Hamish Wehl, stressed that unlisted property could be a great addition to an investment portfolio, given the nature of regular distributions over a long-term time frame and diversification benefits, however many investors did not fully understand the sector.
“The success of these funds is testament to our expertise in identifying, selling and holding quality assets with our unitholders’ investments goals in mind,” he said.
“Unlisted property can be quite complex. Research indicated that many investors do not fully understand the sector, the investment vehicles or the benefits, so we saw an opportunity to create an easy-to-comprehend guide to help investors make informed investment decisions.”
To help investors understand the unlisted property, the company launched an e-book, ‘The essential guide to investing in unlisted property trusts’.
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