What sort of investments do you offer?
Asset Finance has two main investment offers that allow you to put funds on fixed term deposit at a fixed interest rate: Secured First-Ranking Debenture Stock and Unsecured Convertible Capital Notes.
Both investment offers are covered under our registered Prospectus, however each offer is described in more detail in its own Investment Statement.
To obtain a copy of the prospectus, investment statement or any other documents:
- Click Invest Now! to have a copy sent to you
- View the documents online by clicking Investment Documents
Secured First Ranking Debenture Stock
This Investment Statement for Secured First-Ranking Debenture Stock contains an offer by Asset Finance Limited for you to invest in up to NZ$40 million of secured first-ranking debenture stock (“Secured Deposits”).
Secured Deposits are fixed interest debt securities, issued pursuant to a Trust Deed dated 15 March 2004 between Asset Finance and the Trustee.
Unsecured, Subordinated Convertible Capital Notes
The Investment Statement for unsecured, subordinated convertible capital notes contains an offer by Asset Finance Limited for you to invest in up to NZ$6 million of unsecured, subordinated convertible capital notes (“Unsecured Notes”).
The Unsecured Notes are for a term of two, three or four years, bear interest at the rate provided on the rate card and upon maturity will convert into ordinary shares in Asset Finance Limited. Asset Finance also has the right to redeem the Unsecured Notes for cash at any time prior to the maturity date.
The Company shall convert the Unsecured Notes by issuing such number of ordinary shares which have an aggregate value equal to the principal amount of Unsecured Notes to be converted.
The value of the ordinary shares shall be determined by an independent valuation. More information on the conversion of the Unsecured Notes can be found in Appendix 6 to the Prospectus.
An ordinary share in the Company gives the holder the following rights:
Dividends – Holders of ordinary shares are entitled to dividends equally with all other ordinary shareholders as and when declared subject to the rights of holders of any other shares that entitled to special or prior rights to dividends.
Voting Rights –A holder of ordinary shares is entitled to attend all meetings of ordinary shareholders (other than meetings of holders of a specific class of shares) and is entitled to one vote per share on all resolutions put before such meetings.
Winding Up –In the event of a winding up of the Company, after payment of all outstanding debts including Debenture Stock Holders, Noteholders, payments under both of the Trust Deeds and subject to the prior rights attaching to any shares from time to time ranking in priority to ordinary shares, the remaining assets of the Company would be applied to paying the ordinary shareholders in proportion to the number of such shares they hold.
Information– ordinary shareholders are entitled to be sent the Company’s annual report and certain other information.