Waterstone Acquisitions (“The Company”) is a limited liability private company registered and domiciled in Australia. Established in 2004 and incorporated in 2007, it currently operates exclusively in equity and hybrid securities.
Preliminary expressions of interest are now being taken for our first Hybrid Discretionary Unit Trust (HDT1), which is in feasibility planning. The initial subscription price will be $1.00 per hybrid unit and subject to a minimum subscription of 20,000 units. Waterstone Acquisitions Pty Ltd acting as Trustee will manage the funds and charge an annual trustee fee comprising:
- 1.0% of the net assets of the trust
- 20% of the increase in the value of trust assets, subject to an annual hurdle requirement of a 5% p.a. increase in net assets.
It is envisaged at the end of each annual reporting period, the trust will either reinvest income automatically or distribute income pro-rata to unitholders, who may then elect to reinvest by purchasing additional units in the trust.
More information to follow.
