Challenger Capital Notes 2 (CGFPB)

Challenger Capital Notes 2 CGFPB

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

Challenger Capital Notes 2, to the value of $460 million, are issued in Australian dollars and can be traded on the ASX under the ASX code CGFPB. Challenger Capital Notes 2 pay a margin of 4.40% above the 90 day Bank Bill rate.  

Distributions can be paid by a combination of either cash or franking credits.

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 2019 (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 2019, will be 5.3893% per annum.

Ex-date Record date Payment date Distribution
 13/11/2019 14/11/2019 22/11/2019 $0.95
13/08/2019 14/08/2019  22/08/2019  $1.04 
13/05/2019 14/05/2019 22/05/2019 $1.07
13/02/2019
14/02/2019
22/02/2019
$1.12
13/11/2018 14/11/2018 22/11/2018 $1.12 
13/08/2018 14/08/2018  22/08/2018  $1.12 
11/05/2018 14/05/2018  22/05/2018  $1.05 
13/02/2018 14/02/2018  22/02/2018  $1.08 
13/11/2017 14/11/2017  22/11/2017  $1.08 
11/08/2017 14/08/2017  22/08/2017  $1.63 

Payment date
Franked amount Unfranked amount Franking credits
 22/11/2019 $0.95 $0.00 $0.40714285
22/08/2019 $1.04 $0.00 $0.44571428
22/05/2019 $1.07  $0.00  $0.45857142 
22/02/2019 $1.12 $0.00 $0.48000000
22/11/2018
$1.12
$0.00
$0.48000000
22/08/2018
$1.12  $0.00  $0.48000000
22/05/2018
$1.05 $0.00
$0.45000000
22/02/2018
$1.08 $0.00
$0.46285714
22/11/2017
$1.08 $0.00
$0.46285714
22/08/2017
$1.63 $0.00
$0.69857142

 

Further information

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

How to update your details

Note holders can update their personal details, including providing payment instructions and Australian tax file number information via the share register.

To update or confirm your details:

  1. Go to shareholder login
  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 mail. You can elect to receive investor communications, including distribution statements, via email by updating your details.

Contact details for share registry 

To assist with enquiries please quote your current address and Security Reference Number (SRN) or Holder Identification Number (HIN).

Telephone: 

1800 780 782 (within Australia) 
+61 3 9415 4065 (outside Australia)

Computershare Investor Services Pty Limited

Level 4, 60 Carrington Street
Sydney NSW 2000

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.