Trustee Updates

Medpro Pharmacy Unit Trust

• Nil arrears or losses in the pool.

• All pool parameters within limits.

• Weighted average yield of the receivables = 13.58%

• Class A required subordination is 20% whilst the actual subordination is 28.43%

• Excess Spread of A$220,608.82 in the month of August.

EarlyPay Trade Receivables Trust

• 5.99% arrears

• Zero losses

• All pool parameters within limits.

• Class A note subordination: 28.64% versus a covenant of 25.00%

• Class B note subordination: 16.14% versus a covenant of 12.50%

• Excess Spread of A$137,829.24 in the month of August.

MoneyMe Horizon Warehouse Trust

• Arrears decreased 0.7187% in the month to 9.8014% versus an arrears cap of 12.00%

• Net losses 4.053% in the month versus a net loss cap of 10.00%

• All pool parameters within limits

• Excess Spread of $510,136.18 in August

• Class A note subordination: 20.00%

• Class B1 note subordination: 10.00%

• Class B2 note subordination: 5.00%

This report is provided to you or made available subject to and in accordance with the Research Report Disclosure and Disclaimer, please click here for these terms and conditions. If you have any queries please contact IAM.

© 2023 IAM Group | Income Asset Management Group Limited ACN 010 653 862 (ASX: IAM) and wholly owned subsidiaries, IAM Capital Markets Ltd ACN 111 273 048 AFSL 283119, IAM Cash Markets Pty Ltd ACN 164 806 357 as corporate authorised representative (no. 001295506) of AFSL 283119, Trustees Australia Limited ACN 010 579 058 AFSL 260038 and IAM Funds Pty Ltd ACN 643 600 088 as corporate authorised representative (no. 001296921) of AFSL 260038, together the IAM Group.

The information in this website is for general information purposes only and does not purport to contain all matters relevant to any particular or financial instrument. It is not intended to be a recommendation, offer or invitation to purchase, sell or otherwise deal in securities or other investments. Before making any decision in respect to a financial product, you should read the relevant Financial Services Guide and Product Disclosure Statement available from IAM Group http://www.incomeam.com and seek independent and specific advice from an appropriately qualified professional. IAM Group shall not be liable for any errors, omissions, defects or misrepresentations in the information or for any loss or damage (whether direct or indirect) suffered by persons who use or rely on the information contained here.

IAM Group offers general financial product advice only. As a result, any information or advice, has been provided without taking account of your objectives, financial situation and needs. Because of this, you should, before acting on any advice from IAM consider the appropriateness of the advice, having regard to your objectives, financial situation and needs. If the information or any advice, relates to the acquisition, or possible acquisition, of a particular financial product, you should obtain and consider the product disclosure statement or documents relating to the product before making any decision about whether to acquire the product. Neither IAM Group, nor any of its directors, authorised representatives, employees, or agents, makes any representation or warranty as to the reliability, accuracy, or completeness, of any information or advice. Nor do they accept any liability or responsibility arising in any way (including negligence) for errors in, or omissions from, any information or advice. IAM Group, its staff and related parties earn fees and revenue from dealing in the securities as principal or otherwise and may have an interest in any securities mentioned. Any reference to credit ratings of companies, entities or financial products must only be relied upon by a ‘wholesale client’ as that term is defined in section 761G of the Corporations Act 2001 (Cth). IAM Group does not provide tax advice and is not a registered tax agent or tax (financial) advisor, nor are any of the IAM Group staff or authorised representatives. IAM Group does not make a market in the securities or products that may be mentioned.

^An investment in notes or corporate bonds should not be compared to a bank deposit. Notes and corporate bonds have a greater risk of loss of some or all of an investor’s capital when compared to bank deposits. Past performance of any product is not a reliable indication of future performance. Any forecasts are predictive in character and based on specified assumptions generally available at the time and no reliance should be placed on the accuracy of any forecast information. The actual results may differ substantially from the forecasts and are subject to change without further notice. IAM may quote to you an estimated yield when you purchase a bond. This yield may be calculated by IAM on either A) a yield to maturity date basis; or B) a yield to early redemption date basis. Some bond issuances include multiple early redemption dates and prices, therefore the realised yield earned by you on the bond may differ from the yield estimated or quoted by IAM at the time of your purchase.