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Investor FAQ

Who has issued Goodman PLUS?

Goodman PLUS are issued by Goodman Funds Management Limited in its capacity as responsible entity of the Goodman PLUS Trust. The Goodman PLUS Trust is a sub trust of Goodman Industrial Trust. The Goodman Industrial Trust and Goodman Limited are the two head entities of the Goodman Group.

What are Goodman PLUS?

Goodman PLUS are perpetual, preferred units in the Goodman PLUS Trust. 

How do I invest?

Goodman PLUS are listed on the ASX, so you can buy hybrid securities just like you would buy shares through your adviser, stockbroker or an online broker.

What is the Goodman PLUS ASX code?

Goodman PLUS trade on the ASX under the code GMPPA. The Goodman PLUS Trust is listed under the code GMP.

How are the Distributions calculated?

           
Goodman PLUS offer unfranked, quarterly, floating rate, non-cumulative and discretionary Distribution Amounts.

Distribution Amounts are scheduled to be paid on 31 March, 30 June, 30 September and 31 December each year (or if it is not a business day, the next business day). 

Distributions will be calculated using the following formula:

Distribution Rate x $100 x number of days in the relevant Distribution Period
                                                     365


For each subsequent Distribution Period, until the First Remarketing Date, the Distribution Rate will be the sum of the Market Rate (determined on the first Business Day of each Distribution Period) and a Margin of 3.90%. 

An Initial Step-Up Margin of 0.25% per annum will apply if the PLUS II are not Repurchased, Exchanged or Successfully Remarketed on or before 30 September 2022; and − a Final Step-Up Margin of 0.75% per annum will apply if the PLUS II are not Repurchased or Exchanged on or before 31 December 2038.

Will Distribution Amounts always be paid?

A Distribution Amount may not be paid. Distributions are payable at the discretion of the Issuer. If not paid, no further entitlement accrues on any part of a Distribution Amount.

How will Distribution Amounts be paid?

Distribution Amounts will be paid by the Issuer in Australian currency by direct credit to a nominated account at an Australian financial institution and a notice of the payment will be mailed to the Holder’s registered address. If a nominated account is not provided, a cheque will be mailed to the Holder’s registered address. To be entitled to payment of Distribution Amounts, the Holder must be recorded as a registered Holder on the Record Date.

How do I contact Goodman PLUS Trust?

Goodman PLUS Trust
Level 17
60 Castlereagh Street
Sydney NSW 2000
Toll Free 1300 791 100
Facsimile +61 2 9230 7444
Email: info-au@goodman.com 
Website: www.goodman.com

How do I change my investment details, eg. name, address, method of payment?

You must forward written notice of any changes to your investment details to the Security Registrar. You may wish to download a Change of Address Form and complete and return it to the Security Registrar.

What does listed mean?

An entity is ”listed” when its securities are quoted on a stock exchange. The securities of Goodman PLUS Trust are listed on the ASX. As Goodman PLUS will be traded, their value will rise and fall according to market conditions. 
For more information on listed property trusts, click here  

How do I obtain a PDS for Goodman PLUS?

As Goodman PLUS are listed on the ASX, you do not need a PDS to invest. You can simply buy or sell securities in GMPPA by contacting your stockbroker or financial adviser.

What is the value of my investment?

As Goodman PLUS are listed on the ASX, their value can change throughout the day. To calculate the value of your investment, simply multiply the number of securities you hold by the current security price. Your number of securities can be found on your latest distribution statement or through the Security Registrar and recent securities prices are available in most major metropolitan newspapers.

What is the ex-distribution date?

The ex-distribution date is the date on which securities change from being quoted ‘cum’ to ‘ex’. Goodman PLUS are usually quoted ex-distribution for four business days before the Record Date. Goodman PLUS sold ex-distribution entitle the seller (the previous owner) to receive the last declared distribution prior to the sale, rather than the purchaser. The security price may fall on the ex-distribution date, with the fall in price being similar to the amount of distribution to be paid.

What does cum-distribution mean?

Cum means "with". Securities quoted on a cum-distribution basis means that securities are being traded with the current distribution attached (the price of the securities will usually reflect the amount of the distribution). Securities sold cum-distribution do not entitle the previous owner to receive the last distribution prior to the sale, that is, the purchaser will receive the declared distribution.

When will I receive my annual tax statement?

In August each year, an annual tax statement for the year ended 30 June is mailed to all Securityholders who have held an investment in GMPPA during that tax year. The annual tax statement summarises the distributions and dividends paid during the year and includes information required to complete your annual tax return.