Trust Profile
The Trust is a public unit trust. A public unit trust is an investment structure that allows individual unit holders access to investments which may otherwise have been difficult for them to access. It does this by pooling the capital subscribed by individual unit holders and investing in assets of the type permitted by the Constitution of the Trust. Unit holders may be natural persons, corporations, family trusts, private unit trusts and superannuation funds as examples. Applicants are allocated Units the number of which represents their interest in the Trust and determines their share in the income distributed by the Trust and the increase or decrease in the underlying value of the Trust’s assets.
Broadly, the Responsible Entity will determine the Unit Holders’ share in the distributions of income and capital from the Trust in accordance with the Constitution of the Trust.
Generally, the distribution per Unit is calculated by dividing the amount that the Responsible Entity determines is to be distributed for the particular distribution period by the number of Units on issue.
The Trust’s Constitution (in conjunction with the Corporations Act) governs the relationship between the Unit Holders and APCHL as the Responsible Entity of the Trust.
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