Wholesale
Silverfin Capital

Silverfin Underwrite Investment Fund

Commercial Property

Bid

This offer by Silverfin is limited to persons who are wholesale investors for the purposes of the offer in terms of clause 3(2) or 3(3)(a) of Schedule 1 of the Financial Markets Conduct Act 2013. No product disclosure statement for the purposes of that Act has been prepared and none is required for this wholesale offer. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.


*All information contained in the Scheme Information section is as at the Information Memorandum date.

** Quarterly Reports (which provide investors with updates on the Scheme) are available from Silverfin Capital upon request. Please email yulena@silverfin.nz.

Total Share/Units
1,133 Units
Min Investment
5 Units
Min Investment Value
NZD $25,000.00
Par Value
NZD $5,000.00
Quantity on Offer
5 Units
Offer Price
NZD $24,500.00
Highest Bid
NZD $18,000.00
Active Bidders
1
Last Traded Price
NZD $25,000.00
Last Traded Quantity
5 Units
Last Traded Date
July 31, 2022

*All information contained in the Scheme Information section is as at the Information Memorandum date.

** Quarterly Reports (which provide investors with updates on the Scheme) are available from Silverfin Capital upon request. Please email yulena@silverfin.nz.


The Offer

This is an offer of units in the Silverfin Underwrite Investment Fund ('SUIF"). The fund has been established to gain an income and other investment returns from underwriting Silverfin’s future commercial, retail and industrial property schemes.

Silverfin anticipates the underwrite of two Silverfin proportionate ownership property investment schemes in the Fund’s first full financial year. This provides a projected pre-tax cash return to investors of 10% per annum. Silverfin will aim to underwrite two schemes or more in each subsequent year and this will be subject to available funds and opportunities in the market.

 

Timeline and Unit Size

The offer opened on 20 July 2018 with the first units being issued 31 August 2018.

There is no set Closing Date as the Offer is a continuous issue offer. However, Silverfin may close or suspend the Offer at any time. If the Offer is closed or suspended, Silverfin will provide a notice to that effect on its website. The most obvious reason for suspending the Offer might be where the Fund has a surplus of cash awaiting investment.

For the Fund to commence this Offer needs to raise the minimum amount of $3,000,000 (600 Units). If the minimum amount is not reached by 30 August 2018, investors will have their subscription monies returned as soon as practicable.

Subscriptions are $5,000 per Unit and minimum subscriptions for new investors in the fund is five (5) Units, then in increments of one Unit. Investors must hold at least five Units in the Fund on an ongoing basis. Cash distributions are calculated monthly (commencing 31 January 2019), with payment by the 20th of the following month.

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Silverfin Capital