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Aurora releases list property trust

By Reporter
 — 1 minute read
Aurora Funds Management Limited has completed the capital rising for its new listed Property Buy-Write Income Trust.
Aurora Funds Management Limited has completed the capital rising for its new listed Property Buy-Write Income Trust.

Aurora received $47.5 million through an initial public offering (IPO) for the Aurora Property Buy-Write Income Trust.

In what the group believe is an Australian first, the trust offers retail investors the potential to receive a high distribution yield from a buy-write investment strategy over a portfolio of Australia's leading property securities through one listed investment trust structure.

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The trust aims to generate high semi-annual income distributions by selling call options over a portfolio of 10 property securities listed on the Australian Securities Exchange (ASX).

The portfolio of 10 listed property securities will be geared within the trust to an average loan-to-value ratio of 50 per cent in order to enhance the distribution returns to investors.

Aurora releases list property trust
Aurora Funds Management Limited has completed the capital rising for its new listed Property Buy-Write Income Trust.
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