360 Capital Mortgage REIT (ASX:TCF)
Entitlement and Shortfall Offer
Open to existing TCF Unitholders and new Wholesale / Institutional Investors.
- 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 no capital lost or impaired
- Off-Market Liquidity Mechanism – Recently implemented six-monthly buybacks at NAV to maintain TCF’s ASX trading price at NAV
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