AMCBF3 - | - PORTFOLIO - | - ANNOUNCEMENTS - | - SHAREHOLDER INFO- |- RETURNS
The Australian Masters Corporate Bond Fund No 3 (AMCBF#3) 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 $41.4
million through a prospectus raising completed in February 2009.
This Company provided access
to an underlying portfolio of high ranking senior Australian corporate
debt. In its portfolio, the Company also held in its portfolio 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 February 2009, the Company assembled a portfolio of wholesale
bonds from 14 different issuers with staggered maturities ranging
from less than one year to just under five years from the date of
listing. The aggregate purchase price of the bonds from the 14 issuers
was $36.2 million. At the time of purchase, the bonds had yields
to maturity of between 8.50% and 17.7%.
On 6 December 2011, the company announced its final capital return. With the payment of the final capital return on 19 December, the net issued capital of the Company had been repaid in full. At the Annual General Meeting held on 27 March 2012, shareholders approved the voluntary winding up of the Company.