ADDWEALTH ACHIEVER FUND (ARSN 097 580 955)
Primary replaced the previous responsible entity in 2012 on a vote at a meeting of unit holders. A number of investments were held through sub-trusts The Entertainment Fund and Richmond Equity Fund. Primary also took over these sub-trusts. Since then, Primary has conducted a work out, selling investments that were liquid and stabilising others. Primary has also brought a number of legal claims.
Low Volume Market
Unit holders wishing to sell and anyone wishing to buy units may do so via our Low Volume Market.
For the Fund, at the end of June 2020, Primary Securities Ltd agreed with the co-owners and manager of the Cottesloe Beach Hotel (CBH) not to obtain a formal valuation for CBH as an accurate valuation would be difficult to obtain due to the ongoing impact of COVID-19, and also to save the costs of a valuation. Owing to a lack of alternative means of determining the fair value of CBH under these circumstances, it is not possible to determine whether any adjustments are required to the carrying value of the Fund’s investment in REF.
The unit value as at 31 December 2020 was $0.0639.
Historical Unit Prices
30 November 2020 $0.0633
31 October 2020 $0.0634
30 September 2020 $0.0633
31 August 2020 $0.0686 (Refer to Important Note above)
31 July 2020 $0.0688
30 June 2020 $0.0690
30 June 2019 was $0.0803
30 June 2018 $0.0856
30 June 2017 $0.01805
30 June 2016 $0.2898
For all registry matters including change of address and transfers of units, please contact Primary Securities on (08) 9430 5262 or email: firstname.lastname@example.org.
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