Illiquid Investment Withdrawal Offers

Keep up to date on investments in MLC Wrap and MLC Navigator products, as well as associated badges by clicking here.

Updates prior to 2016 are also available below.

The managers of these illiquid investments allow the voluntary redemption of investors’ units during their specified withdrawal offer windows.

Investment APIR Product(s) Our paper-based
submissions due date
(by 3pm AEDT)
Our n-link submission
due date (by 5pm AEDT)
Withdrawal details /
fund manager’s
submission due date
APN Property for Income Fund and APN Property Fund for Income No. 2 APN0001AU
APN0004AU
MLC Navigator and MLC Wrap 4 business days before manager close date 2 business days before manager close date

APN announced that from 1 July 2014, you can withdraw daily from these funds. 

Australian Unity Office Property Fund (prev. Australian Unity Second Industrial Trust)

IPL0001AU MLC Wrap 4 business days before manager close date 2 business days before manager close date

Withdrawals currently open from 22 June 2015, closing 23 July 2015.

Centuria Diversified Direct Property Fund LAC0002AU MLC Navigator and MLC Wrap 4 business days before manager close date 2 business days before manager close date Available adhoc.
Centuria Office Fund 2 LAC0001AU MLC Navigator and MLC Wrap 4 business days before manager close date 2 business days before manager close date Available adhoc.

Charter Hall Direct Office Funds (Retail and Wholesale) (prev. Charter Hall Direct Property Fund)

MAQ0433AU
MAQ0448AU
MLC Navigator and MLC Wrap 4 business days before manager close date 2 business days before manager close date

Available adhoc.

Charter Hall Umbrella Fund CHF0002AU MLC Navigator and MLC Wrap 4 business days before manager close date 2 business days before manager close date Available adhoc.
PFA Diversified Property Trust PFA0001AU MLC Wrap 4 business days before manager close date 2 business days before manager close date Available adhoc.

Recurring sell of illiquid investments: To enable you to have quicker access to any holdings you may have in illiquid investments, from 1 September 2014 you’ll automatically be enrolled in all withdrawal offers unless you opt out of the recurring sell instruction we've set for you. This means any money released will be automatically added to your cash account.  You can opt out of the recurring sell at any time by phone or in writing. Your adviser can also do this on your behalf.

Small balances: When making a withdrawal offer, some fund managers apply a minimum withdrawal amount for direct investors. If the account balance is below that amount, the full amount will be redeemed. As clients' holdings are held via the platform, these minimums do not apply. Every withdrawal request will be treated consistently and remain subject to the scale back set by fund managers. This now also applies to clients with illiquid fund balances under $500.