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Investment Return and Periodic and/or Exit Statement

Investment Return

To determine your return on your investment you should seek financial advice.

Periodic and/or exit statements for certain periods are available from the unit registry (Link Market Services). These statements may assist in providing certain details of your investment. Terms used in these statements are in the glossary of terms below.

Periodic and/or Exit Statements

Periodic and/or Exit Statements provide information concerning your SCA Property Group stapled securities, including the opening and closing balances, changes to your investment, management costs (including fees charged), the return on investment, as well as changes in circumstances that may affect your investment.

Tax statements are mailed to stapled securityholders in August each year. If you have not received your tax statement, please contact Link Market Services Limited on 1300 550 841.

If you have any questions or require further information in relation to your SCA Property Group investment, please contact your financial planner, visit www.linkmarketservices.com.au or contact the SCP Information Line on 1300 318 976 (within Australia) (or +61 1300 318 976 outside Australia).

Details of Fees and Charges

The approximate amounts below have been deducted from your investment and covers amounts that have reduced the return on your investment.

This approximate amount includes all the fees and costs which affected your investment during the period. As no direct fees are charged to investors, the estimated total fees are the same as the indirect costs.

For the 12 months ended 30 June 2020 For the 12 months ended 30 June 2019
Weighted stapled securities on issue 960,944,215 868,375,096
Direct Costs nil nil
Indirect Costs* 13,800,000 12,407,850
Indirect Costs* per stapled security 0.0144 0.0143
Indirect Costs* per 10,000 stapled securities 143.61 142.89

* Indirect costs are the approximate amount that has been deducted from your investment and covers amounts that have reduced the return on your investment but are not charged directly to you as a fee. These costs include registry, custody, accounting, employee benefits expense, corporate costs, office costs and other administrative fees. It is calculated by multiplying the "Indirect Cost Ratio per stapled security" by your average holding balance during the period. The Indirect Cost Ratio is calculated in accordance with Section 1017D of the Corporations Act 2001 and does not represent the Management Expense Ratio of SCA Property Group.

Stapled Security Performance

Below is a summary of SCA Property Group's price performance over the prior 12 months based on the price of SCA Property Group stapled security as at the close of trading on the ASX on the relevant day.

Date Closing price on ASX Security price gain/loss over the prior 12 months
31 July 2019 2.44 1.7%
31 August 2019 2.63 9.1%
30 September 2019 2.61 8.8%
31 October 2019 2.69 4.7%
30 November 2019 2.72 3.0%
31 December 2019 2.67 4.7%
31 January 2020 2.89 16.1%
29 February 2020 3.01 24.9%
31 March 2020 2.29 (13.3)%
30 April 2020 2.15 (16.0)%
31 May 2020 2.34 (7.5)%
30 June 2020 2.20 (7.9)%

The following table shows the historical distributions for SCA Property Group Stapled security over the past five financial years to FY20.

FY20 FY19 FY18 FY17 FY16
Distribution per security 12.5 14.7 13.9 13.1 12.2
Change over previous year (15.0)% 5.8% 6.1% 7.4% 7.0%

Resolving Complaints

If you have a complaint concerning your investment, please call SCP Information Line on 1300 318 976 (within Australia) (or +61 1300 318 976 outside Australia). If you are dissatisfied with the response, you may raise the matter directly with the Australian Financial Complaints Authority, GPO Box 3, Melbourne VIC 3001 (Tel 1800 931 678). ASIC also has a free call info line on 1300 300 630.

Glossary of Terms Periodic & Exit Statements

Opening & Closing Balance

The number of SCA Property Group securities (SCP) held as at the close of business. Notwithstanding that the security price and security value need not be shown for the purpose of these disclosures, the closing price of an SCA Property Group security on 30 June has been used for illustrative purposes on the Periodic Statement. The Closing Balance on the Exit Statement is the ASX close price on the relevant date.

Date

The date of any purchase of your securities refers to the settlement date for the transaction. You can obtain the trade date from your broker or financial adviser.

Distribution Election

Investors may elect to receive all or part of their distribution in cash or reinvested as additional SCP securities.

Distribution Reinvestment

The number of securities reinvested as additional SCP securities under the SCA Property Group distribution plan.

Gross Distribution

Is the distribution attributable to each securityholder on a pro-rata basis without any taxes being deducted.

Indirect costs

Indirect costs are the approximate amount that has been deducted from your investment and includes costs such as registry, custody, accounting, employee benefits expense, corporate costs, office costs and other administrative costs. It is calculated by multiplying the "Indirect Cost Ratio per stapled security" by your average holding balance during the period. The Indirect Cost Ratio is calculated in accordance with section 1017D of the Corporations Act 2001 and does not represent SCA Property Group's Management Expense Ratio.

Investment returns

Neither the Periodic Statement nor the Exit Statement show your return on investment during the reporting period on an individual basis. This is because the market price at which you executed your transactions on the ASX is not provided to SCA Property Group. You can calculate your individual investment return by obtaining the market price of your transactions from the broker who effected your transactions.

Net Distribution

Is the distribution attributable to each securityholder following the deduction, if necessary, of withholding tax.

Payment Date

Is a date set by the Board of SCA Property Group on which investors are paid distributions. The Payment Date can be any time after the Record Date, however:

  • an Interim Distribution Payment Date must be within 20 Business Days of the last day of the Interim Distribution Period ie. 31 December;
  • the Final Distribution Payment Date must be within 90 days of SCA Property Group's Financial Year End date.

Record Date

The "cut-off" date established by SCA Property Group to determine which investors are eligible to any distributions. The Record Date for the Interim Distribution is 31 December and the Record Date for the Final Distribution is 30 June.

Security Price

If you have purchased or sold SCP securities during the reporting period, the security price at the close of business and the transaction value (the number of securities multiplied by the ASX closing price) has not been included as SCA Property Group does not have access to:

  • the price at which you bought or sold your securities;
  • the date you traded or any brokerage; or
  • commissions or spread between the bid price (price at which investors are willing to buy) or ask price (price at which investors are willing to sell).

You can obtain this information from your broker or financial adviser.

Securities Held

The number of SCA Property Group securities on register at close of business on the settlement date.

Security Value

If you have purchased or sold SCP securities during the reporting period, the ASX closing price as at the close of business and the security value (the number of securities multiplied by the ASX closing price) has not been included as SCA Property Group does not have access to the price at which you:

  • the price at which you bought or sold your securities;
  • the date you traded or any brokerage; or
  • commissions or spread between the bid price (price at which investors are willing to buy) or ask price (price at which investors are willing to sell).

You can obtain this information from your broker or financial adviser.

Withholding Tax

Tax withheld from investment income in accordance with the provisions of the Income Tax Assessment Act 1997.

November 2012 IPO - Woolworths Group Ltd shareholders

Registered shareholders in Woolworths Group Ltd on 30 November 2012 received one stapled security in Shopping Centres Australasia Property Group RE Limited (SCA Property Group stapled security) for every five Woolworths shares held on that date.

Under the relevant privacy legislation neither Woolworths Group Ltd nor the unit registrar were able to provide SCA Property Group with any personal information they previously held for you.

Accordingly if your holding in SCA Property Group is derived from a holding in Woolworths Group Ltd, you must go to https://investorcentre.linkmarketservices.com.au/Login/Login in order to provide SCA Property Group with details of your:

  • TFN or ABN
  • bank account or financial institution account information
  • contact details
  • other details online for your holding

Alternatively contact the SCP Information Line on 1300 318 976 (within Australia) (or +61 1300 318 976 outside Australia) to request the forms to be sent to you.

Woolworths Group Ltd;VWAP

Registered shareholders in Woolworths Group Ltd on 30 November 2012 received one stapled security in Shopping Centres Australasia Property Group RE Limited (SCA Property Group stapled security) for every five Woolworths shares held. The Class Ruling (CR 2012/121) obtained from the ATO in respect of the distribution of SCA Property Group stapled security by Woolworths stated that the value of that distribution for tax purposes was the volume weighted average price (VWAP) of SCA Property Group stapled security over the first five days of trading. This VWAP was $1.4397.

A copy of the Class Ruling (CR 2012/121) is available on the Australian Taxation Office website.