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You are here: Macquarie Office Trust > Investor centre > Macquarie Office Trust - FAQ |
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Frequently asked questions
What is a real estate investment trust (REIT)?A real estate investment trust (REIT) is an investment vehicle which pools the money of many investors, so that they may share in the returns of a wide spread of property investments. For example, Macquarie Office Trust's portfolio is valued at approximately $6.4 billion and represents a portfolio of commercial office buildings across Australia, the US, Japan and Europe. When investors buy units in the Trust, they are effectively acquiring a share of the ownership of these assets. The returns from these assets are largely comprised of the rental income paid by the tenants. These returns are distributed to unitholders. In the case of Macquarie Office Trust, distributions are paid quarterly. What does 'listed' mean?A REIT is 'listed' when its units are quoted (or listed) on a regulated stock exchange, such as the Australian Securities Exchange (ASX). As the units of Macquarie Office Trust are listed on ASX and are able to be actively traded each day, their value will rise and fall according to market conditions. What is the Macquarie Office Trust ASX code?MOF How do I invest?Macquarie Office Trust is listed on ASX, so you can buy units just like you would buy shares - through your adviser, stockbroker or an online broker. How do I obtain a prospectus for Macquarie Office Trust?As Macquarie Office Trust is listed on ASX, you do not use a prospectus to invest. You can simply buy or sell units in the Trust by contacting your stockbroker or financial adviser. What is the value of my investment?As the units of Macquarie Office Trust are listed on ASX, their value can change throughout the day. To calculate the value of your investment, simply multiply the number of units you hold by the current unit price. Your number of units can be found on your latest distribution statement or via the unit registry and recent unit prices are available in most major metropolitan newspapers. What is the difference between a dividend and a distribution?Dividends are paid to shareholders by companies out of their profits. Distributions are paid to investors by trusts, like the Macquarie Office Trust. Distributions are usually made up of income - for example, rental income - and may also include a capital payment to investors - for example, if a property was sold. When are distributions paid?Distributions are paid quarterly and received by investors approximately four to seven weeks after quarter end. Approximate distribution payment dates can be found on the distributions page of this website. What is the 'record date'?The record date is the cut-off date used to identify the unitholders and to calculate any entitlement to the Trust's current distribution. All change of address notifications, direct credit instructions, TFN/ABN or exemption notification instructions election forms must be incorporated into the unit register by 5.00pm on the record date to apply for the Trust's current distribution. What is the 'ex-distribution date'?The ex-distribution date is the date on which units change from being quoted 'cum' to 'ex'. Units are usually quoted ex-distribution four business days before the Trust's record date. Units sold ex-distribution entitle the seller (the previous owner) to receive the last declared distribution prior to the sale, rather than the purchaser. The unit price may fall on the ex-distribution date, with the fall in price being similar to the amount of distribution to be paid. What does 'cum-distribution' mean?Cum means 'with'. Units quoted on cum-distribution means that units are being traded with the current distribution attached (the price of the units will usually reflect the amount of the distribution). Units sold cum-distribution do not entitle the previous owner to receive the last distribution prior to the sale, that is, the purchaser will receive the declared distribution. Does Macquarie Office Trust have a distribution reinvestment plan (DRP)?The DRP is currently suspended. If and when the Manager decides to reinstate the DRP, the following is applicable. The DRP allows you to have your distributions reinvested in additional units in the Trust, rather than having your distributions paid to you. The DRP price for new units may be calculated at a discount to the weighted average market price of the Trust's units traded on ASX during the 10 business days from and including the date upon which the units trade ex-distribution. For further information on the DRP, please download the DRP Booklet (pdf 135KB) and contact the unit registry on 1300 303 063 if you wish to participate. How do I have payments made directly to my bank or building society?If you are an individual holder you can update your detail online at the registry's website. All other issuer sponsored investors (joint holder, companies etc) need to complete and sign the request of payments form and forward by mail to the unit registry. Please note the account name provided must be in the name of the registered unitholder. What is a unit purchase plan (UPP)?A UPP is a convenient way for eligible unitholders to acquire additional units in the Trust where no brokerage or other transaction costs are involved. Under the UPP the Trust may, at the discretion of the Board, once a year offer eligible unitholders the opportunity to purchase additional units up to a maximum value of $5,000. This maximum value has been set by the Australian Securities & Investments Commission. The UPP was last offered in July 2007. How do I change my address and banking details?If you are an individual holder, you can update your address and banking details online at the the registry's website. All other issuer sponsored investors (joint holders, companies etc) should complete a change of address form or a request credit of payments form and forward by mail to the unit registry. For security reasons, changing your address details is not available to broker-sponsored unitholders. You will need to advise your broker of any change. How do I change my name?You can change your name by completing a name correction request and indemnity form and forward by mail to the unit registry. Please note that the unit registry are unable to accept change of name requests by facsimile, email or phone. The form should be completed and signed correctly and accompanied by relevant supporting documentation. If you are signing under a power of attorney, a certified copy of the original power of attorney must be lodged with the unit registry for noting (if not already noted). Supporting documentation requirements differ, depending on the reason for the change of name. For security reasons, this facility is not available to broker-sponsored unitholders. You will need to advise your broker of any change. How can I give notification of my tax file number (TFN)?You can advise your TFN by completing the tax file number or Australian business number notification form and forward by mail to the unit registry. You may choose not to provide your TFN, however if you do not provide your TFN your distribution will be taxed at the highest marginal rate. When will I receive my annual tax statement?A tax statement for the tax year to 30 June is mailed to all unitholders who have held an investment in the Trust during that tax year. The tax statements are mailed approximately seven weeks after 30 June each year. The tax statement summarises the distributions paid during the year and includes information required to complete your annual tax return. To view and download your tax statement online, visit the registry's website and go to the investors page. You will need your SRN or HIN along with your surname and postcode to log in. How do I contact the unit registry?The Registrar - Macquarie Office Trust How do I contact the Manager?Macquarie Office Management Limited |
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| Important
information | Privacy
policy Macquarie Group Limited |
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| This information has been prepared by Macquarie Office Management Limited ABN 75 006 765 206 (Manager, we, our, us), a wholly owned subsidiary of Macquarie Group Limited ABN 94 122 169 279 (Macquarie Group) and the responsible entity of Macquarie Office Trust (Macquarie Office or Trust) for general information purposes only, without taking into account any potential investors' personal objectives, financial situation or needs. Before investing, you should consider your own objectives, financial situation and needs or you should obtain financial, legal and/or taxation advice.
The Manager does not receive fees in respect of the general financial product advice it may provide, however it will receive fees for operating the Trust which, in accordance with the Trust's constitution, are calculated by reference to the value of the assets and the performance of the Trust. Entities within the Macquarie Group may also receive fees for managing the assets of, and providing resources to the Trust. For more detail on fees, see the Trust's latest annual report. To contact us, call 1300 365 585 (local call cost). Past performance is not a reliable indicator of future performance. Due care and attention has been exercised in the preparation of any forecast information, however, forecasts, by their very nature, are subject to uncertainty and contingencies, many of which are outside the control of the Manager. Actual results may vary from any forecasts and any variation may be materially positive or negative. Macquarie Office Management Limited (MOML) is not an authorised deposit-taking institution for the purposes of the Banking Act (Cth) 1959, and MOML's obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL provides a limited $17.5 million guarantee to the Australian Securities and Investments Commission in respect of MOML's Corporations Act obligations as a responsible entity of managed investment schemes. Neither MBL nor any other Macquarie Group entity otherwise provides assurances in respect of the obligations of MOML. | |
