About RENTS
RENTS (ASX:DXR) are an investment security backed by DEXUS Property Group (ASX:DXS), which investors can buy or sell on the Australian Stock Exchange.
RENTS offer investors quarterly distributions, calculated using the 90-day bank bill rate determined on the first day of each quarter, plus a margin of 1.30 percent per annum. RENTS are expected to be 90 percent tax deferred.
RENTS are preference units issued by DEXUS Property Group, which is part of the DEXUS Property Group. RENTS investors have the benefit of a subordinated guarantee from DEXUS Trust.
If RENTS are not Exchanged or Repurchased by 1 July 2012 (“the Step-up Date”) the margin will increase by a one off step-up of 2.00 percent per annum from that date until they are exchanged or repurchased.
For specific details about RENTS, please refer to the RENTS Product Disclosure Statement (PDS) dated 27 April 2005 and consult your financial advisor.
RENTS stands for Real-estate perpetual ExchaNgeable sTep-up Securities.