If you are an investor in TDI, send an email with the required change to Registries Limited at registries@registriesltd.com.au. Please provide enough information to identify your account - name, address and SRN. Investors in the Share Income Fund should do likewise addressing their request to Tidewater Investments Limited.
How can I check the value of my investment?
The latest share prices for listed vehicles managed by Tidewater can be obtained from the ASX website. Enter 'TDI' for Tidewater Investments Limited share price and 'FAT' for the Fat Prophets Australia Fund Limited.
Unit prices for the unlisted trust will be updated on this site daily. Once you have the value of your share or units multiply this by the number of securities you own.
What is the difference between the management of the Fat Prophets Fund and the Fat Prophets Report?
The Fat Prophets Fund and Fat Prophets Report are completely independent business entities. Chinese walls ensure no leakage of information between the two entities. The Fat Prophet Fund does not have any form of special access to the Report. It will receive the Report on the same terms as any subscriber. Neither the Manager nor the Report authors will have prior knowledge of each others future intentions.
Will the existence of the Fat Prophets Fund and its buying pressure be prejudicial to Report subscribers? In other words will it be harder for me to purchase the stock I want at the price I want with the Fat Prophets Fund throwing its weight around?
No. Again, the Fat Prophets Fund will follow its own investment strategy and will not invest in every stock recommended by the Fat Prophets Report. In cases where it does, it will take the Manager some time to do their research on the stock. Practically speaking the Fat Prophets Fund will not be able to invest in any particular stock for several days following the publication of the newsletter.
What are some of the key differences between an investment company and a unit trust?
Investment companies and unit trusts are vehicles used for pooling investments to assist with diversification of risk for individual investors. An investment company does not normally issue new shares or buy-back outstanding shares to meet investor demand. A new investor in an investment company purchases shares on the stock market at a price at which another shareholder is willing to sell. A unit trust in contrast issues new units or buys back (redeems) outstanding units to meet buy and sell orders.
An investment company is also subject to company tax on investment income and capital gains and losses from its investment portfolio. A unit trust is not normally taxed on investment income or capital gains because it must distribute all taxable gains to its unitholders who are then subject to tax on these distributions on a personal basis.
How do I invest in Tidewater Share Income Fund?
Initial applications for units in the Tidewater Share Income Fund must be made on the form attached to a current Product Disclosure Statement. The Product Disclosure Statement can be downloaded or you can request a copy be mailed to you from our website.
Your completed application form and cheque should be forwarded to:White Outsoucing Pty Limited. Cheques are to be made payable to: ANZ Banking Group Limited ACF Tidewater Share Income Fund.
How do I redeem my investment in the Tidewater Share Income Fund?
You can make a redemption of all or part of an investment by sending us your instructions by 2pm (AEST) on a Business Day. If your request is received by 2pm it will be processed using the redemption price at the close of business that day. If it is received after 2pm it will be processed using the redemption price at the close of business on the following business day.
Please include your unitholder code and signature with your written redemption instructions or complete and return a Redemption Request Form. Redemption monies can be paid into a bank account in the unitholder’s name or by cheque made payable to the unitholder which can only be sent to the listed unitholder’s address.
We are unable to accept redemption by fax or email and that redemptions cannot be made to third parties. It is the policy of the Manager that redemption monies will be available within 7 days, although the Trust Deed allows a maximum of 30 days.
Unitholders who reside outside Australia may experience delays in the clearance of funds for the payment of redemptions. Furthermore, during distribution periods post 30 June and 31 December redemption monies may be delayed by approximately 15 days. This is due to the delays that may occur in obtaining post distribution prices for the processing of redemption requests.
