This post is provided by Merlon Capital Partners Pty Limited (ABN 94 140 833 683) and is for wholesale investors only.

Source: Fidante Partners Limited. Fidante Partners Limited (ABN 94 002 835 592 AFSL 234668) (Fidante Partners) is a member of the Challenger Limited group of companies (Challenger Group) and is the responsible entity and issuer of interests in the The Merlon Australian Share Income Fund (ARSN 090 578 171 ) and Merlon Concentrated Australian Share Fund (ARSN 617 082 238 ) (“Funds”).This is general information only and is not intended to provide you with financial advice or take into account your objectives, financial situation or needs. You should consider, with a financial adviser, whether the information is suitable to your circumstances. The Fund’s Target Market Determination and Product Disclosure Statement (PDS) available at www.fidante.com should be considered before making a decision about whether to buy or hold units in the Funds.

Returns are calculated after fees have been deducted, assuming re-investment of distributions. No allowance is made for tax. Past performance is not indicative of future performance.

Fidante is not an authorised deposit-taking institution (ADI) for the purpose of the Banking Act 1959 (Cth), and its obligations do not represent deposits or liabilities of an ADI in the Challenger Group (Challenger ADI) and no Challenger ADI provides a guarantee or otherwise provides assurance in respect of the obligations of Fidante. Investments in the Funds are subject to investment risk, including possible delays in repayment and loss of income or principal invested. Accordingly, the performance, the repayment of capital or any particular rate of return on your investments are not guaranteed by any member of the Challenger Group.