Centuria Agriculture Fund

Quarterly withdrawals (liquidity)

The Responsible Entity intends to offer Investors the opportunity to withdraw their investment quarterly on a limited basis (March, June, September and December). The amount available to meet withdrawal requests for the quarter will be up to 2.5% of the Net Asset Value of the Fund, as calculated in accordance with each Constitution as at the last Business Day before the withdrawals are processed, and will be capped at 10% p.a. However, the Responsible Entity may in its discretion increase the amount available in a given quarter.

If the aggregate value of withdrawal requests received during the quarter exceeds the quarterly available funds, the Responsible Entity will scale back the withdrawal requests on a pro rata basis. The unmet portion of the withdrawal request will be deemed to carry over to the following quarter unless the Investor requests otherwise, or the Responsible Entity suspends withdrawals. The Responsible Entity is allowed up to 365 days in which to accept any withdrawal requests.

Please note, the nature of property as an investment class means the Responsible Entity may not be able to offer the liquidity opportunities it intends to offer in all circumstances. The Responsible Entity is not required to offer liquidity to Investors. Refer to the PDS for full terms on withdrawal and liquidity.

Investment term

The Fund has a rolling five-year investment term. The Responsible Entity intends to offer a periodic liquidity event at the end of each investment term.
To provide liquidity under the periodic liquidity event, the Responsible Entity may:
• sell one or more of the Fund’s assets;
• raise new equity for the Fund;
• take on additional debt;
• conduct equity raisings; or
• undertake a combination of these measures.
Refer to the PDS for full terms on liquidity.

Fund timetable

Distributions

Centuria intends to pay monthly distributions and will be subject to the terms set out in the PDS.

Minimum investment

The minimum investment in the Fund is $10,000. Centuria may accept investments that are less than this amount at its discretion.

Risks

All investments in unlisted property funds carry risk. As the Fund invests in commercial agriculture property it carries the market and property risks associated with investing in this sector, including climate and environmental risks. As a geared investment, the Fund also carries associated financial and leverage risks. Risks can impact on distribution and capital returns over the term of the Fund. It is important that you read the Product Disclosure Statement and understand the risks of investing.

Agriculture risks

Centuria acknowledges that agricultural properties are subject to additional risks when compared to other commercial real estate investments due to its exposure to environmental and climate factors. However, the group will seek to mitigate these risks as much as possible through the due diligence process when reviewing investment opportunities by identifying assets that feature protected cropping, access to water rights and a focus on sustainability.

Core Property ratings disclaimer:
The Core Property rating (assigned in June 2022) presented in this document has been prepared and issued by Core Property Research Pty Ltd (“Core Property”), which is an Authorised Representative ASIC number 1280479 of Core Property Research Holdings Pty Ltd (ACN 633 170 751, AFS License No. 518320) (Licensee), and trading as Core Property. Whilst the information contained in the report has been prepared with all reasonable care from sources that Core Property believes are reliable, no responsibility or liability is accepted by Core Property for any errors, omissions or misstatements however caused. Past performance information is for illustrative purposes only and is not indicative of future performance. The Core Property publication is not and should not be construed as, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information only. Neither Core Property nor the Participant is aware that any recipient intends to rely on this Report or of the manner in which a recipient intends to use it. To access the full report, please visit www.coreprop.com.au. The rating is subject to change without notice and Core Property assumes no obligation to update the report.

Disclaimer: Centuria Property Funds Limited ABN 11 086 553 63911 AFSL 231149 (Centuria) is the Responsible Entity for the Centuria Agriculture Fund I (ARSN 653 947 892) (CAF I) and the Centuria Agriculture Fund II (ARSN 653 946 402) (CAF II). Centuria expects to issue a Product Disclosure Statement (PDS) for the Fund on or about 13 June 2022. This information is general information only and does not take into account the objectives, financial situation or particular needs of any person. All investments in unlisted property funds carry risk. As the Fund invests in commercial agriculture property it carries the market and property risks associated with investing in this sector, including climate and environmental risks. As a geared investment, the Fund also carries associated financial and leverage risks. Risks can impact on distribution and capital returns over the term of the Fund. It is important that you read the Product Disclosure Statement and understand the risks of investing.

You should consider whether this information is appropriate for you and consult your financial or other professional adviser before investing. You should obtain and read a copy of the PDS relating to the Fund before making a decision to invest. Centuria and its associates will receive fees in relation to an investment in the Fund as disclosed in the PDS. Investment in the Fund is subject to risk including possible delays in payment or loss of income and principal invested. Centuria does not guarantee the performance of the Fund.

You can access a copy of this Fund’s Target Market Determination (TMD) document at: centuria.com.au/ddo/.