Senior Trust achieves listing
Senior Trust Management has listed its latest fund on the NZX Main Board (NZX:SRF).
The fund makes loans to well-located and soundly run retirement villages and aged care facilities. Senior Trust limits loans to a maximum of 60% of the value of the retirement village or aged care facility as determined by an independent registered valuation.
The minimum investment in the fund is $100, with increments of $100 thereafter, and 45 million is the maximum number of units which can be issued.
"Achieving listing is a landmark event for the organisation and positions Senior Trust as the specialist lender within this growth sector," Senior Trust Management director Scott Lester says.
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