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PENGANA PRIVATE EQUITY TRUST (ASX: PE1)
Entitlement Offer - Investor Presentation
9 March 2022
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AGENDA
- Entitlement Offer
- About GCM Grosvenor
- Private Equity Investing
IV Pengana Private Equity Trust
- Case Studies
VI Appendix: Notes and Disclosures
PENGANA PRIVATE EQUITY TRUST (ASX: PE1) | PAGE 2
ENTITLEMENT OFFER
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An offer to eligible unitholders to subscribe for 1 new unit | ||||
for every 5 units held on the record date of 14 March 2022 | ||||
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Shortfall facility | 16 - 31 March | Issue Price: $1.54 | ||
Under a shortfall facility, | The offer will only be | The issue price per new | ||
eligible unitholders1 may | open from 16 to | unit is $1.54, being the | ||
subscribe for additional | 31 March, unless fully | NAV per unit as at the | ||
new units in excess of | allocated sooner. A valid | end of February 2022 | ||
ersonal | their entitlements. These | "Entitlement and | (rounded to comply with | |
units will be allocated at | Acceptance Form" and | ASX requirements). | ||
Pengana's discretion | sufficient application | |||
monies must be received on or before the closing date
1. An eligible unitholder is a unitholder on the Record Date who: has a registered address in Australia or New Zealand; is not in the United States and is not acting for the account or benefit of a person in the United States (to the extent such person holds Units for the account or benefit of such person in the United States); and is eligible under all applicable securities laws to receive an offer under the Offer.
PENGANA PRIVATE EQUITY TRUST (ASX: PE1) | PAGE 3
IMPORTANT DATES
only | Announcement of the Offer | 9 | March 2022 | |
Units trade on an 'ex' basis in respect of the Offer | 11 | March 2022 | ||
Record Date for eligibility in the Offer (7.00 pm Sydney time) | 14 | March 2022 | ||
Dispatch of Offer Details to Eligible Unitholders | 16 | March 2022 | ||
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Offer Opening Date | 16 | March 2022 | ||
Offer Closing Date (5.00 pm Sydney time) | 31 | March 2022 | ||
Settlement of the New Units issued under the Offer | 6 | April 2022 | ||
ersonal | Announcement of results of issue | 7 | April 2022 | |
Allotment of the New Units issued under the Offer | 7 | April 2022 | ||
New Units issued under the Offer commence trading on the ASX on a normal settlement basis | 8 | April 2022 | ||
Dispatch of holding statements for the New Units issued under the Offer | 11 | April 2022 | ||
The above dates are subject to change and are indicative only. Pengana reserves the right to amend this indicative timetable subject to the Corporations Act and the Listing Rules. In particular, Pengana reserves the right to close the Offer early, extend the Offer Period or accept late Applications without notifying any recipients of this Offer Booklet or any Applicant. Investors who wish to make an Application are encouraged to do so as soon as practicable after the Offer Opening Date.
WHY NOW?
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Refer to page 17.
Additional capital required to meaningfully capitalise on new and near-term opportunities
- The start of 2022 has been characterised by an inflation shock in the US, which has presented a unique opportunity to offer solutions to high quality, growth-oriented companies that require continued financing
- Potential for conservative structuring to include strong downside protection and significant upside participation
- Key areas of investment focus expected to include sectors like healthcare analytics and solutions, e-commerce, payment solutions, consumer staples (e.g., food), and business solutions
The availability of a highly flexible pool of capital that can be tactically deployed into discrete near-term opportunities has the potential to enhance PE1's overall returns
- Diversification and risk mitigation will be enhanced by targeting specific sub-strategies based on current and projected investment exposures and reducing current portfolio concentrations resulting from the outperformance of some of PE1's initial investments
- PE has historically displayed strong outperformance compared to listed equities in periods of market turmoil.1 Pairing a swift and agile deployment strategy with our current core and all-weather PE construction approach has the potential to generate optimal results for investors
An opportunity to subscribe for new units at NAV
PENGANA PRIVATE EQUITY TRUST (ASX: PE1) | PAGE 5
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Pengana Private Equity Trust published this content on 08 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2022 22:40:18 UTC.