Macquarie Fortress Notes provide investors with exposure to a leveraged portfolio of US senior secured loans (Senior Loans). Macquarie Fortress Notes are available to purchase on the ASX.
Three separate tranches of Fortress Notes have been issued by Macquarie to date. All Fortress Notes are Ordinary Fortress Notes and trade under ASX code MFNHA.
Latest performance information
| Month Ending |
Nav
Per Note |
Distribution
Per Note |
Fortress
Accumulation
Index^ |
| 28 November 2008 |
$0.000 |
- |
$0.253 |
| 31 October 2008 |
$0.000 |
- |
$0.253 |
| 30 September 2008 |
$0.251 |
- |
$0.504 |
| 29 August 2008 |
$0.400 |
- |
$0.653 |
| 31 July 2008 |
$0.414 |
- |
$0.667 |
| 30 June 2008 |
$0.434 |
- |
$0.687 |
| 30 May 2008 |
$0.429 |
- |
$0.682 |
| 5 May 2008 |
$0.400 |
- |
$0.653 |
| 31 March 2008 |
$0.338 |
- |
$0.591 |
| 29 February 2008 |
$0.313 |
- |
$0.566 |
| 31 January 2008 |
$0.533 |
- |
$0.786 |
| 31 December 2007 |
$0.682 |
- |
$0.935 |
| 30 November 2007 |
$0.675 |
$0.0284 |
$0.928 |
| 31 October 2007 |
$0.804 |
- |
$1.029 |
| 28 September 2007 |
$0.766 |
- |
$0.991 |
| 31 August 2007 |
$0.675 |
$0.0274 |
$0.900 |
| 31 July 2007 |
$0.728 |
- |
$0.926 |
| 29 June 2007 |
$0.982 |
- |
$1.180 |
| 31 May 2007 |
$0.999 |
$0.0272 |
$1.197 |
| 30 April 2007 |
$1.014 |
- |
$1.185 |
| 30 March 2007 |
$1.006 |
- |
$1.177 |
| 28 February 2007 |
$1.009 |
$0.0267 |
$1.180 |
| 31January 2007 |
$1.015 |
- |
$1.159 |
| 29 December 2006 |
$0.980 |
- |
$1.124 |
| 30 November 2006 |
$0.965 |
$0.0265 |
$1.109 |
| 31 October 2006 |
$0.982 |
- |
$1.099 |
| 30 September 2006 |
$0.967 |
- |
$1.084 |
| 31 August 2006 |
$0.969 |
$0.0261**** |
$1.086 |
| 31 July 2006 |
$0.982 |
- |
$1.073 |
| 30 June 2006 |
$0.977 |
- |
$1.068 |
| 31 May 2006 |
$0.983 |
$0.0254*** |
$1.074 |
| 30 April 2006 |
$1.018 |
- |
$1.084 |
| 31 March 2006 |
$1.019 |
- |
$1.085 |
| 28 February 2006 |
$1.006 |
$0.0248** |
$1.072 |
| 31 January 2006 |
$1.011 |
- |
$1.052 |
| 30 December 2005 |
$1.001 |
- |
$1.042 |
| 30 November 2005 |
$0.989 |
$0.0251* |
$1.030 |
| 31 October 2005 |
$1.001 |
- |
$1.017 |
| 30 September 2005 |
$1.063 |
- |
$1.079 |
| 31 August 2005 |
$1.064 |
$0.0163 |
$1.080 |
| 29 July 2005 |
$1.048 |
- |
$1.048 |
| 30 June 2005 |
$1.019 |
- |
$1.019 |
17 May 2005
(First Unit issue date) |
$1.000 |
- |
$1.000 |
^ This column shows the aggregate of the NAV plus all distributions received, on Notes, since inception on 17 May 2005.
* An interest payment of $0.0066 per Note for MFNHB holders was declared as at 30 November 2005.
** An interest payment of $0.0136 per Note for MFNHB holders was declared as at 28 February 2006.
***An interest payment of $0.0062 per Note for MFNHC holders was declared as at 31 May 2006.
****An interest payment of $0.0148 per Note for MFNHC holders was declared as at 31 August 2006.
Fortress Notes
|
Type of Security
|
Variable interest rate unsecured limited recourse debt notes
|
| Issuer |
Macquarie Fortress Investments Limited as trustee of Macquarie Fortress Australia Notes Trust |
|
Interest Rate
|
Variable, depending upon the prevailing Bank Bill Swap Rate ("BBSW") and a rate determined by reference to the performance of a portfolio consisting largely of senior loans
|
|
Interest Payments
|
The Fortress portfolio was refinanced in April 2008. Due to the terms of the new financing (whereby all cashflows must be used to meet interest and principal payments) it is not expected that interest payments be made until the financing is fully repaid. Currently, this is not expected to be within four years.
|
|
Maturity Date
|
31 August 2035 (subject to an early maturity and termination of the Notes)
|
|
ASX Code
|
MFNHA
|
| Registrar |
Link Market Services
Phone: 1300 554 474 |
|
Prospectus
|
View the Prospectus (pdf 2.4 MB) |
Important information
# Fortress Notes are unsecured notes for the purposes of Section 283BH of the Corporations Act 2001.
Note to investors:
This web page has been prepared by Macquarie Capital Investment Management (Australia) Limited ACN 086 159 060 (the “Arranger”), AFSL 237843 based on information available as at 31 December 2008. It does not take account of any potential investor’s objectives, financial situation or needs. Before acting upon the information in this web page you should therefore consider the appropriateness of such an investment having regard to your situation. We recommend that you obtain financial, legal and taxation advice before making any financial investment decision.
Macquarie Fortress Investments Limited ACN 113 113 214 as trustee of the Macquarie Fortress Australia Notes Trust (“MFIL”) is the issuer of Macquarie Fortress Notes (“Fortress Notes”). An invitation to make an application for the third tranche of the first series of Fortress Notes was made in the Prospectus dated 3 February 2006.
MFIL and the Arranger are related bodies corporate and both are companies in the Macquarie Bank Group.
MFIL, the Arranger, other members of the Macquarie Bank group, or the Arranger's associates, officers or employees may have interests in the Fortress Notes by acting in various capacities and providing financial services. MFIL, the Arranger and its associates may receive fees, brokerage or commissions for these services which is set out in the Prospectus. In addition, MFIL, the Arranger or its associates, officers or employees may buy or sell Fortress Notes as principal or agent. MFIL and the Arranger can be contacted by phoning on 1800 080 033.
Past performance is not a reliable indication of future performance.
Neither MFIL or the Arranger are authorised deposit-taking institutions for the purposes of the Banking Act (Cth) 1959, and neither MFIL’s nor the Arranger’s obligations represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542. Macquarie Bank Limited does not guarantee of otherwise provide assurance in respect of the obligations of MFIL or the Arranger.
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