AMCBF2 - | - PORTFOLIO - | - ANNOUNCEMENTS - | - SHAREHOLDER INFO- |- RETURNS
The Australian Masters Corporate Bond Fund No 2 (‘AMCBF#2’)
was established to provide Australian domiciled retail investors access to
the Australian wholesale senior bond market through a simple, cost-effective corporate structure. The Company raised $35.5 million
through a prospectus raising completed in September 2008.
This Company provided access
to an underlying portfolio of high ranking senior Australian corporate
debt. In its portfolio, the Company also held senior corporate debt
issued in Australia by well-known multinational companies and Australian
subsidiaries of multinational companies. The bonds, known as kangaroo
bonds, were denominated in Australian dollars.
The Company was managed by Dixon Advisory & Superannuation Services Limited.
The Company employed a static, or ‘buy and hold’ portfolio
management style, selecting a portfolio of high quality senior bonds,
and held them until maturity.
From September 2008, the Company assembled a portfolio of wholesale
bonds from nine different issuers with staggered maturities ranging
from less than one year to just under five years from the date of
listing. The aggregated purchase price of the bonds from the nine issuers
held within the portfolio was $32.9 million. At the
time of purchase, the bonds had yields to maturity of between 7.5%
On 24 June 2011, the Company announced its final capital return. With the payment of the final capital return on 14 July 2011, the net issued capital of the Company had been repaid in full. At the Annual General Meeting held on 23 November 2011, shareholders approved the voluntary winding up of the Company.