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Challenger Capital Notes 2

Challenger Capital Notes 2 (Notes) are perpetual, subordinated, unsecured1 convertible notes issued by Challenger Limited on 7 April 2017. 

Challenger Capital Notes 2 are issued in Australian dollars and can be traded on the ASX under the ASX code 'CGFPB'. 

Challenger Limited is an ASX-listed non-operating holding company of an investment management group managing $70 billion in assets (as at 30 June 2017). Through its wholly-owned life company, Challenger Life Company Limited, Challenger is the leading provider of annuities and guaranteed retirement incomes in Australia.

Distributions 

Distributions are discretionary, non-cumulative, floating rate payments and are scheduled to be paid quarterly in arrears on the Distribution Payment Dates. Distributions are expected to be fully franked, and accordingly Holders are expected to receive a combination of cash distributions and franking credits. However, Holders should be aware that franking is not guaranteed.

Quarterly distribution payment dates will be 22 February, 22 May, 22 August and 22 November in each year.

The next Distribution is expected to be paid on 22 November 2017 (subject to certain Payment conditions). The total Distribution Rate plus franking credits for the next payment, which is for the Distribution Period ending on (but excluding) 22 November 2017, will be 6.1050% per annum. Full details of the Distribution Rate under the Notes terms are available here:

Ex-date Record date Payment date Distribution

13/11/17 

14/11/17 

22/11/17 

$1.08 

11/08/17 

14/08/17 

22/08/17 

$1.63 

Payment date Franked amount Unfranked amount Franking credits

22/08/17 

 $1.63

 $0.00

 $0.69857142

How to update your details

Notes holders can update their personal details, including providing payment instructions and Australian tax file number information via Computershare's online Investor Centre.

To update or confirm your details:

1. Go to Investor Centre 
2. Follow the prompts to log in as either a new or existing user
3. Once logged in, click on My Profile to update your details

Investor communications

The default option for receiving your quarterly distribution statement and other investor communications is via post. You can elect to receive investor communications online, including distribution statements, via email by updating your details at the Investor Centre.

Further information

Full terms and details of Challenger Capital Notes 2 are available in the Prospectus dated 8 March 2017.

Contact details

1800 780 782 (within Australia)
+61 3 9415 4065 (outside Australia)
Monday to Friday - 8.00am to 6.00pm (Sydney time).

1 Notes are not guaranteed or secured, and are not policy liabilities of Challenger Life Company, Challenger Limited, or any other member of the Challenger Group.