Fund Managers Otago Limited is a Fund Manager and does not offer investors investment advice.
For investment advice we recommend that you make contact with a qualified registered investment advisor.

We recommend you go through the material in our investment statement and current registered prospectus.

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Investment Statement & Annual Report 2011

Annual Report 2011

No.2 Fund Prospectus

Notice of Withdrawal

The Fund’s objective is to offer an investment in a diversified portfolio of first mortgages, providing returns that generally outperform bank term deposit rates.

The key investment points are:

• The minimum Investment is $500.
  
  
• The Fund was established in Dunedin on 18 October 2007.
  
  
• The Fund has now grown to $11.7 million since established in October 2007 (as at 15 December 2011 unaudited figure).
  
  
• Returns to investors are on a floating rate and are paid at the end of each quarter (three-month period). The quarterly income received from the Fund’s mortgage portfolio determines the level of return to investors. Quarterly returns to investors have out-performed advertised bank one year term deposit interest rates for several registered banks, as illustrated in our newsletter on the news and info page.
  
  
• Returns can either be paid into an investors bank account or re-invested in further units in the Fund.
  
  
• Investments in the Fund are spread across a portfolio of registered first mortgages secured over rural, commercial and residential properties nation-wide.
  
  
• There is no fixed term for investments, although the product is geared towards medium to long term investors. Withdrawals will be paid within 90 business days after the Manager receives your withdrawal notice.
  
  
• There are no entry fees and no application fees. The Manager has discretion to charge a fee of up to 2% on any money withdrawn 12 months after investment and up to 1% on any money withdrawn more than 12 months but less than 24 months after investment.
  
  
• Investors can make regular contributions to their investment.
  
  
• As a Group Investment Fund tax is deducted at the investors’ nominated tax rate.
  
  
• This investment is available to NZ residents only.