Investing with Richmond Mortgage Fund
Fund Objectives:
The Fund aims to provide investors with regular income with capital stability.
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Fund Features:
· Regular distributions
· Low volatility
· Nil entry/exit fees
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Investment Strategy:
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The Fund invests primarily in a portfolio of loans secured by
registered first mortgages over residential, commercial, industrial and rural
property. To ensure consistent performance, the mortgage portfolio is
diversified at a number of levels including geographic location, sector and loan
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How To Invest
Please read the PDS and then complete the Application Form included in the PDS. Post your Application Form and cheque to: Richmond Mortgage Fund
P.O Box 31
Ballina, NSW, 2478
To obtain a copy of the PDS you can:
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Call at our Martin Street Ballina office
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Phone our office: (02) 6686 6055
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Download (See top-right menu)
The minimum initial investment is $1000.00.
There are no restrictions on the term of your investment, although we
encourage you to invest for at least 6 months.
Redemptions
Richmond Income
Currently you are able to make redemptions when there is a "Redemption Offer" made. Our intention is to make "Redemption Offers" on a quarterly basis.
Richmond Income Plus
Not available unless you first switch to "Richmond Income"
Distributions
Distributions are paid quarterly (June, September, December and March) and can be reinvested or transferred electronically to a nominated bank account.
Keeping you in touch
We will provide investors with:
- A notice confirming the date and amount of each investment made
- A quarterly transaction statement
- An annual transaction statement
Unit Pricing Policy
The Constitution of RMF provides that units may only be issued or redeemed at an Application
Price or Redemption Price of $1.00 unless Ballina Mortgage Management Limited reasonably
considers the value of a unit is not $1.00 per unit, in which case the Application Price or
Redemption Price of a unit is calculated as: Net Trust Value / Units on Issue
Complaints
BMML has an Internal Dispute Resolution (IDR) system that complies with requirements approved by ASIC and in line with the Australian Standards 10002 Customer Satisfaction and Guidelines for Complaints Handling.
In particular, we are required to investigate, properly consider and decide what action (if any) to take and to communicate our decision to you within 45 days. If you are not happy with how the complaint has been handled, you may contact the Financial Ombudsman Service Limited. This is an independent body approved by ASIC to consider complaints. Its contact details are:
Financial Ombudsman Service Limited
GPO Box 3, Melbourne VIC 3001
Telephone: 1300 780 808
Website: www.fos.org.au
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