360 Capital
Mortgage REIT (ASX:TCF)

360 Capital Mortgage REIT (ASX:TCF)

Open to Wholesale / Sophisticated Investors Only

• Highly Attractive Yield – Forecast FY25 distribution yield of 10.1% paid monthly from private credit investments secured against Australian real estate
• Consistent Income – Distributions have increased by 118% since 360 Capital took over management of TCF in September 2020
• Benefits from Higher Rates with Downside Protection – Underlying predominantly senior registered mortgages are priced as a margin over a base rate with downside protection through rate floors should rates fall
• Capital Preservation – Value of the underlying real estate would need to fall >30% before the NAV of TCF is impacted
• Experienced Real Estate Manager – 18-year track record, >$380m of private credit transactions over the last 7 years with $0 of capital lost or impaired
• Proposed Off-Market Liquidity Mechanism – Recently announced proposal to provide six-monthly buybacks at NAV to maintain trading price at NAV