RFM has commenced the process of returning capital to investors (Unitholders) and winding up StockBank.
While significant effort and resources have been applied to grow the size of StockBank, competition in the area of livestock financing has increased over the past year. This means the scale required to operate StockBank efficiently and deliver sustainable returns expected by our investors has not been achieved. RFM has negotiated the transfer of existing livestock leases, where suitable, to an agrifinance provider, StockCo and the return of capital to Unitholders has commenced. While Unitholders and Advisers have been contacted directly, please contact RFM if you have any queries.
|Return of capital to date:
$0.1335 per unit
||$0.1547 per unit
||$0.1719 per unit
||$0.4728 per unit
Potential investors should be aware that RFM StockBank is not a bank, as defined by the Banking Act. Rural Funds Management Limited and the registered managed investment schemes it offers for investment (RFM Funds) are not authorised under the Banking Act and are not supervised by the Australian Prudential Regulation Authority. An investment in StockBank or any of the RFM Funds will not be covered by the depositor protection provisions in section 13A of the Banking Act.