Fund overview

• CQE itself will not be subject to tax;
• an Australian resident CQE unitholder will include their share of CQE’s taxable income in their assessable income for the year to which the income relates (not the year in which it is received);
• withholding tax will be deducted from distributions to non-resident CQE unitholders;
• investors will include the different components of their share of CQE’s taxable income in the tax return labels; and
• where cash distributed to Unitholders is greater than their share of the net income of CQE, the Unitholder is required to reduce their cost base in the units of CQE.

• elimination of a number of areas of uncertainty in the existing laws;
• tax status of Fund – The AMIT Regime deems the fund to be a “fixed trust” providing certainty to the fundto be eligible for certain tax concessions, such as the ability to recoup carried forward trust tax losses;
  

• prescriptive treatment of under or over-distributions of taxable income (“overs” or “unders”) of a Fund which will reduce the requirement to amend prior year tax returns previously lodged; and
• prevention of double taxation – The AMIT Regime provides the ability to make upward cost base adjustments to Fund units where cash distributions are less than the taxable income attributed to Unitholders.  In the absence of this, Unitholders may be taxed twice on certain amounts attributed to them.

Managed investment trusts can choose to be AMITs with effect from the year ended 30 June 2016 or any later year.  CQE has elected to become an AMIT from 1 July 2017. CQE will be an AMIT for all subsequent years as the election is irrevocable.

The following provides details in respect of the Fund’s distribution for the quarter ended 31 March 2019.  The distribution is 2.3125 cents per unit and will be paid on 24 April 2019.

 

DISTRIBUTION FOR THE QUARTER ENDED 31-03-2019	CENTS PER UNIT
Tax Deferred	2.3125

The Fund is a withholding managed investment trust for the purposes of Subdivision 12-H of the Taxation Administration Act 1953 and has previously elected to be an Attribution Managed Investment Trust.

The distribution includes a fund payment of NIL cents per unit with respect to the income year ending 30 June 2019 and no part of the fund payment is attributable to a payment from a clean building MIT.

Australian resident investors should not rely on this information for the purpose of completing their income tax returns. Taxation components for the distributions for the year ended 30 June 2019 will be detailed on the Attribution managed investment trust member annual (AMMA) statement which will be provided to investors in July / August 2019.

The following provides details in respect of the Fund’s distribution for the quarter ended 31 December 2018.  The distribution is 2.3125 cents per unit and will be paid on 21 January 2019.

 

DISTRIBUTION FOR THE QUARTER ENDED 31-12-2018	CENTS PER UNIT
Tax Deferred	2.3125

The Fund is a withholding managed investment trust for the purposes of Subdivision 12-H of the Taxation Administration Act 1953 and has previously elected to be an Attribution Managed Investment Trust.

The distribution includes a fund payment of NIL cents per unit with respect to the income year ending 30 June 2019 and no part of the fund payment is attributable to a payment from a clean building MIT.

Australian resident investors should not rely on this information for the purpose of completing their income tax returns. Taxation components for the distributions for the year ended 30 June 2019 will be detailed on the Attribution managed investment trust member annual (AMMA) statement which will be provided to investors in July / August 2019.

The following provides details in respect of the Fund’s distribution for the quarter ended 30 September 2018.  The distribution is 2.3125 cents per unit and will be paid on 19 October 2018.

DISTRIBUTION FOR THE QUARTER ENDED 30-8-2018	CENTS PER UNIT
Taxable	2.3125

The Fund is a withholding managed investment trust for the purposes of Subdivision 12-H of the Taxation Administration Act 1953 and has previously elected to be an Attribution Managed Investment Trust.

The distribution includes a fund payment of NIL cents per unit with respect to the income year ending 30 June 2019 and no part of the fund payment is attributable to a payment from a clean building MIT.

Australian resident investors should not rely on this information for the purpose of completing their income tax returns. Taxation components for the distributions for the year ended 30 June 2019 will be detailed on the Attribution managed investment trust member annual (AMMA) statement which will be provided to investors in July / August 2019.

DISTRIBUTION FOR THE QUARTER ENDED 30-6-2018	CENTS PER UNIT
Tax Deferred	2.3125
Taxable (excluding capital gains & interest)	–
Taxable (interest)	–
Total Payable	2.3125

In accordance with section 12-415 of Schedule 1 of the Taxation Administration Act 1953 (Cth) the distribution includes a “fund payment” of zero cents per unit with respect to the income year ending 30 June 2018.  SOP is a registered Management Investment Scheme.

DISTRIBUTION FOR THE QUARTER ENDED 31-3-2018	CENTS PER UNIT
Tax Deferred	2.3125
Taxable (excluding capital gains & interest)	–
Taxable (interest)	–
Total Payable	2.3125

In accordance with section 12-415 of Schedule 1 of the Taxation Administration Act 1953 (Cth) the distribution includes a “fund payment” of zero cents per unit with respect to the income year ending 30 June 2018.  SOP is a registered Management Investment Scheme.

DISTRIBUTION FOR THE QUARTER ENDED 31-12-2017	CENTS PER UNIT
Tax Deferred	2.3125
Taxable (excluding capital gains & interest)	–
Taxable (interest)	–
Total Payable	2.3125

In accordance with section 12-415 of Schedule 1 of the Taxation Administration Act 1953 (Cth) the distribution includes a “fund payment” of zero cents per unit with respect to the income year ending 30 June 2018.  SOP is a registered Management Investment Scheme.

DISTRIBUTION FOR THE QUARTER ENDED 30-09-2017	CENTS PER UNIT
Tax Deferred	2.3125
Taxable (excluding capital gains & interest)	–
Taxable (interest)	–
Total Payable	2.3125

In accordance with section 12-415 of Schedule 1 of the Taxation Administration Act 1953 (Cth) the distribution includes a “fund payment” of zero cents per unit with respect to the income year ending 30 June 2018.  SOP is a registered Management Investment Scheme.

DISTRIBUTION FOR THE YEAR ENDED 30-06-2017	CENTS PER UNIT
Tax Deferred	5.30
Taxable (excluding capital gains & interest)	3.87
Taxable (interest)	0.08
Total payable	9.25

In accordance with section 12-415 of Schedule 1 of the Taxation Administration Act 1953 (Cth) the distribution includes a “fund payment” of 3.87 cents per unit with respect to the income year ending 30 June 2017.  SOP is a registered Management Investment Scheme.

DISTRIBUTION FOR THE YEAR ENDED 30-6-2016	CENTS PER UNIT
Tax Deferred	5.34
Taxable (excluding capital gains & interest)	3.55
Taxable (interest)	0.011
Total payable	9.00

In accordance with section 12-415 of Schedule 1 of the Taxation Administration Act 1953 (Cth) the distribution includes a “fund payment” of 3.55 cents per unit with respect to the income year ending 30 June 2016.  SOP is a registered Management Investment Scheme.

In accordance with section 12-415 of Schedule 1 of the Taxation Administration Act 1953 (Cth) the distribution includes a “fund payment” of 3.09 cents per unit with respect to the income year ending 30 June 2015.  SOP is a registered Management Investment Scheme.

DISTRIBUTION FOR THE YEAR ENDED 30-6-2014	CENTS PER UNIT
Tax Deferred	7.47
Taxable (excluding capital gains & interest)	0.69
Taxable (interest)	0.14
Total payable	8.30

In accordance with section 12-415 of Schedule 1 of the Taxation Administration Act 1953 (Cth) the distribution includes a “fund payment” of 0.69 cents per unit with respect to the income year ending 30 June 2014.  SOP is a registered Management Investment Scheme.

DISTRIBUTION FOR THE YEAR ENDED 30-6-2013	CENTS PER UNIT
Tax Deferred	6.358
Taxable (excluding capital gains & interest)	0.0
Taxable (interest)	0.0
Total payable	6.358

In accordance with section 12-415 of Schedule 1 of the Taxation Administration Act 1953 (Cth) the distribution includes a “fund payment” of 0.0 cents per unit with respect to the income year ending 30 June 2013.  SOP is a registered Management Investment Scheme.

The Fund is a closed end fund not open for new subscriptions.

No redemption facility is available.

A Unitholder can transfer Units in the Fund to another person by providing the Responsible Entity with a completed standard transfer form signed by both the transferor and the transferee. The Responsible Entity reserves the right to decline transfer requests in its absolute discretion including when a transfer is not completed correctly, is not stamped or if any one Unitholder would hold more than 20.0 per cent of Units. Tax implications could be associated with the transfer of Units. Unitholders should discuss their circumstances with their professional adviser before requesting a transfer.

To receive your distribution payments by direct credit into your bank or financial institution account, or to change previously advised account details, you must provide written advice to the Unit Registry. In some cases, this advice can be provided online. Please refer to the Unit Registry for more details.

To make changes to your investment details, written advice must be forwarded to the Unit Registry. In some cases, this advice can be provided online. Please refer to the Unit Registry for more details

Send your written request for a duplicate statement to the Unit Registry. Please include the following information:

– Full name of the registered Unitholder, Unitholder Number, Name of the Issuer, the registered address of the Unitholder, Number of units held and the Signature of the registered Unitholder.

Please note that a charge may be levied for this service.

Advice of TFNs can be given in writing to the Unit Registry or lodged online via the Unit Registry’s website. You can download a TFN notification form from the Unit Registry’s website. 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.

If you invest directly into the Fund, and not via an IDPS, master trust or wrap account, the Responsible Entity will provide you with a:

– Confirmation Statement – specifying details relating to your investment or redemption; Regular Reporting – a quarterly report updating the Fund’s operations and updates on major activities about the Fund;

– Distribution Statement – a quarterly distribution statement detailing the distribution amount, payment date;

– Annual Report and Audited Accounts – an annual report and audited accounts for each 12 month period ending 30 June; and

– Tax Statement – an annual tax statement setting out the Fund’s tax position each year.

The regular reporting including the Annual Reports and Audited Accounts will be available on this website and will be sent electronically to you if you have elected to receive it via email. Hard copies of these reports will not be sent out unless you have requested on the Application Form or in writing to us.

Go to the Reports and Publications section of this website where they are available in electronic format.

This can be requested by writing to the Unit Registry.

The Unit Registry’s contact details are as follows:

Boardroom Pty Limited
GPO Box 3993, Sydney NSW 2001
Telephone: 1300 737 760
Facsimile: 1300 653 459

Email: enquiries@boardroomlimited.com.au
Website: https://www.boardroomlimited.com.au/

A tax statement for the tax year to 30 June is mailed to all Unitholders who have held an investment in the Fund during that financial year. The tax statements are typically mailed out six to eight 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 such as the tax advantaged component of the distribution.

The Fund is not required to hold an Annual General Meeting unless it chooses to do so.

Go to the Contact Us component of this web page or use the details below:

Please visit: https://www.boardroomlimited.com.au/

You are not obliged to advise us when you change financial advisers, however to ensure that your adviser is able to obtain information regarding your investment, it is best that you do notify us.

A letter confirming your new adviser’s details, signed by all security holders should be sent to the Unit Registry.

To change the holding into the name of the estate a certified copy of the death certificate and will or probate (if required) will need to be sent to Investor Services to be noted on the register.

Please contact our Unit Registry for further information on administering a deceased estate.

The following forms are available at https://www.boardroomlimited.com.au/

• Annual Report Election
• Change of Address
• Direct Credit Authority
• Non Market Transfer – Unlisted Funds and Structured Products
• TFN, ABN or Exemption Notification

The information contained on this webpage is of a general nature only and does not constitute financial product advice. This webpage has been prepared without taking account of any person’s objectives, financial situation or needs. Because of that, each person should, before acting on this webpage, consider its appropriateness, having regard to their own objectives, financial situation and needs. You should consult a professional investment adviser before making any decision regarding a financial product. This is not an offer to invest in the Folkestone Real Estate Income Fund at Wollongong. Investment in the Fund can only be made by completing the application form for the Fund within the Fund’s Product Disclosure Statement (PDS). None of FLK, FFM or any of their respective associates, related entities or directors guarantee the performance of the Fund or the repayment of monies invested.