|Date||Description of change|
UPDATED INFORMATION – 28 June 2019
MoneySpot Investments Limited (ACN 614 077 995, AFSL 491268) (RE, us, we and our) is the responsible entity of the MoneySpot Investments Fund (ARSN 616 929 849) (Fund). The product disclosure statement for the Fund dated 29 October 2018 (PDS) contains important information concerning the Fund. You should consider the information contained in the PDS before making any decision about the Fund and obtain financial advice tailored to your personal circumstances.
This information is Updated Information for the purpose of section 7.9 of the PDS. The RE does not consider the information to be materially adverse to investors, but the information should be taken into account when making any investment decision under the PDS.
Sections 3.2 and 7.6 of the PDS describe the general security arrangements in respect of the notes issued by MoneySpot Finance. Relevantly, under the general security deed, MoneySpot Finance has granted a security interest over all its present and after acquired property to the Custodian (on behalf of the Fund). If an event of default occurs under the noteholders deed, such as a failure of MoneySpot Finance to pay interest it is obliged to pay to noteholders, then the Custodian may take certain actions to enforce the debt, including the appointment of receivers to MoneySpot Finance.
From 28 June 2019, the security arrangements were slightly altered such that under the general security deed, MoneySpot Finance has granted a security interest over all its present and after acquired property other than land to the Custodian (on behalf of the Fund). The purpose of the change is to allow MoneySpot Finance to acquire its existing commercial office building located in Surry Hills for the purposes of facilitating further growth in its business. As at the date of this Updated Information, the property represents around 25% of MoneySpot Finance’s total assets and is subject to a registered first mortgage in favour of BNY Trust Company of Australia. In all other respects, the security arrangements remain the same.