Challenger Capital Notes are issued, to the value of $345 million, in Australian dollars and can be traded on the ASX under the ASX code CGFPA. Challenger Capital Notes pay a margin of 3.40% above the 90 day Bank Bill rate. Distributions can be paid by a combination of either cash or franking credits.
Challenger Capital Notes 3
On 2 March 2020, Challenger announced its intention to issue a new subordinated, unsecured, perpetual convertible security, Challenger Capital Notes 3, to raise $250 million with the ability to raise more or less. Challenger intends to use the proceeds of Challenger Capital Notes 3 to fund a subscription for Additional Tier 1 Capital of Challenger Life Company Limited (CLC), the registered life company, and will refinance Challenger Capital Notes (ASX: CGFPA) through the Reinvestment Offer.
Addition information on Challenger Capital Notes 3 and Resale Notice can be referred to at www.challengercapitalnotes3.com.au.
Distributions
The next Distribution is expected to be paid on 25 May 2020 (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) 25 May 2020, will be 4.2557% per annum.
Challenger Capital Notes Distribution history is included below:
| Ex-date | Record date | Payment date | Distribution |
|---|---|---|---|
| 14/05/2019 | 15/05/2019 | 25/05/2020 | $0.73 |
| 14/02/2020 | 17/02/2020 | 25/02/2020 | $0.76 |
| 14/11/2019 | 15/11/2019 | 25/11/2019 | $0.76 |
| 15/08/2019 | 16/08/2019 | 26/08/2019 | $0.84 |
| 16/05/2019 | 17/05/2019 | 27/05/2019 | $0.92 |
| 14/02/2019 |
15/02/2019 |
25/02/2019 |
$0.93 |
| 15/11/2018 | 16/11/2018 | 26/11/2018 | $0.93 |
| 16/08/2018 | 17/08/2018 | 27/08/2018 | $0.96 |
| 16/05/2018 | 17/05/2018 | 25/05/2018 | $0.87 |
| 15/02/2018 | 16/02/2018 | 26/02/2018 | $0.90 |
| 16/11/2017 | 17/11/2017 | 27/11/2017 | $0.92 |
| 16/08/2017 | 17/08/2017 | 25/08/2017 | $0.91 |
| 16/05/2018 | 17/05/2017 | 25/05/2017 | $0.86 |
| 16/02/2017 | 17/02/2017 | 27/02/2017 | $0.93 |
| 16/11/2016 | 17/11/2016 | 25/11/2016 | $0.90 |
| 16/08/2016 | 17/08/2016 | 25/08/2016 | $0.95 |
| 16/05/2016 | 17/05/2016 | 25/05/2016 | $0.98 |
| 16/02/2016 | 17/02/2016 | 25/02/2016 | $1.00 |
| 13/11/2015 | 17/11/2015 | 25/11/2015 | $0.97 |
| 13/08/2015 | 17/08/2015 | 25/08/2015 | $0.97 |
| 13/05/2015 | 17/05/2015 | 25/05/2015 | $1.07 |
| 13/02/2015 | 17/02/2015 | 25/02/2015 | $1.79 |
| Payment date |
Franked amount | Unfranked amount | Franking credits |
|---|---|---|---|
| 25/05/2020 | $0.73 | $0.00 | $0.31285714 |
| 25/02/2020 | $0.76 | $0.00 | $0.32571428 |
| 25/11/2019 | $0.76 | $0.00 | $0.32571428 |
| 28/08/2019 | $0.84 | $0.00 | $0.36000000 |
| 27/05/2019 | $0.92 | $0.00 | $0.39428571 |
| 25/02/2019 | $0.93 | $0.00 | $0.39857142 |
| 26/11/2018 |
$0.93 |
$0.00 |
$0.39857142 |
| 27/08/2018 |
$0.96 | $0.00 | $0.41142857 |
| 25/05/2018 |
$0.87 | $0.00 |
$0.37285714 |
| 26/02/2018 |
$0.90 | $0.00 |
$0.38571428 |
| 27/11/2017 |
$0.92 | $0.00 |
$0.39428571 |
| 25/08/2017 |
$0.91 | $0.00 |
$0.39000000 |
| 25/05/2017 |
$0.86 | $0.00 |
$0.36857142 |
| 27/02/2017 |
$0.93 | $0.00 |
$0.39857142 |
| 25/11/2016 |
$0.90 | $0.00 |
$0.38571428 |
| 25/08/2016 |
$0.95 | $0.00 |
$0.40714285 |
| 25/05/2016 |
$0.98 | $0.00 |
$0.42000000 |
| 25/02/2016 |
$1.00 | $0.00 |
$0.42857142 |
| 25/11/2015 |
$0.97 | $0.00 |
$0.41571428 |
| 25/08/2015 |
$0.97 | $0.00 |
$0.41571428 |
| 25/05/2015 |
$0.75 | $0.32 |
$0.32 |
| 25/02/2015 |
$1.25 | $0.54 |
$0.54 |
Further information
Full terms and details of Challenger Capital Notes are available in the Prospectus dated 4 September 2014.
How to update your details
Notes holders can update their personal details, including providing payment instructions and Australian tax file number information via the shareholder.
To update or confirm your details:
- Go to shareholder login
- Follow the prompts to log in as either a new or existing user
- 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 3, 60 Carrington Street
Sydney NSW 2000