29 January 2020
The Manager
ASX Market Announcements
ASX Limited
Agricultural Land Trust (ASX: AGJ)
Further to recent announcements, One Managed Investment Funds Limited (OMIFL) as responsible entity of the Agricultural Land Trust (ASX: AGJ) (ALT or Fund) advises that it has agreed terms to extend all existing debentures issued by ALT and all loans advanced to IPG Underwriting (IPG) by a further two years. This includes extending the maturity on the $10 million loan from the IPG Mortgage Fund to 28 February 2022. This loan is used to finance the Linkletters property and means that ALT can continue to focus on its harvesting operations at the site.
The terms of the arrangements, also require IPG to pay all outstanding interest due to ALT.
This announcement is authorised for issue by the appropriate committee of the board of One Managed Investment Funds Limited ABN 47 117 400 987 AFSL 297042, the responsible entity of the Fund.
For further information contact:
Frank Tearle
Director (02) 8277 0000
One Managed Investment Funds Limited ABN 47 117 400 987 AFSL 297042
Level 11, 20 Hunter Street, Sydney NSW 2000 • P: +61 2 8277 0000 • F: +61 2 8580 5700 • www.oneinvestment.com.au
Postal Address • PO Box R1471, Royal Exchange NSW 1225
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Agricultural Land Trust published this content on 29 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 January 2020 00:14:07 UTC