Challenger Capital Notes are perpetual, subordinated, unsecured notes issued by Challenger Limited on 9 October 2014 (Challenger Capital Notes or CCN1).
On 25 May 2021, Challenger announced it has completed the repurchase of 197,308 Challenger Capital Notes that were offered by eligible holders of Challenger Capital Notes under the repurchase invitation announced on Tuesday, 27 April 2021 (Repurchase Invitation).
Following the completion of the Repurchase Invitation, approximately $27.7 million of Challenger Capital Notes remain on issue. Challenger Capital Notes holders who continue to hold their Challenger Capital Notes (because they did not participate in the Repurchase Invitation) will continue to receive distributions on their Challenger Capital Notes, subject to the satisfaction of the distribution payment conditions in the CCN1 Terms.
Challenger Capital Notes will remain on issue until Wednesday, 25 May 2022, at which point Challenger must convert any Challenger Capital Notes that remain outstanding into Challenger ordinary shares in accordance with the CCN1 Terms, subject to the mandatory conversion conditions under the CCN1 Terms.
To update or confirm your details:
Following the completion of the Repurchase Invitation, approximately $27.7 million of Challenger Capital Notes remain on issue. Challenger Capital Notes holders who continue to hold their Challenger Capital Notes (because they did not participate in the Repurchase Invitation) will continue to receive distributions on their Challenger Capital Notes, subject to the satisfaction of the distribution payment conditions in the CCN1 Terms.
Challenger Capital Notes will remain on issue until Wednesday, 25 May 2022, at which point Challenger must convert any Challenger Capital Notes that remain outstanding into Challenger ordinary shares in accordance with the CCN1 Terms, subject to the mandatory conversion conditions under the CCN1 Terms.
Distributions
Details of the next Distribution are provided in the table below, which is expected to be paid on 25 August 2021 (subject to certain Payment Conditions).| Ex-date | Record date | Payment date | Distribution |
|---|---|---|---|
| 16/08/2021 | 17/08/2021 | 25/08/2021 | $0.61 |
| 14/05/2021 |
17/05/2021 |
25/05/2021 |
$0.58 |
| 16/02/2021 | 17/02/2021 |
25/02/2021 |
$0.60 |
| 16/11/2020 | 17/11/2020 | 25/11/2020 | $0.62 |
| 14/08/2020 |
17/08/2020 |
25/08/2020 |
$0.62 |
| 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 |
|---|---|---|---|
| 25/08/2021 | $0.61 | $0.00 | $0.26142857 |
| 25/05/2021 |
$0.58 |
$0.00 |
$0.24857142 |
| 25/02/2020 | $0.60 |
$0.00 |
$0.25714285 |
| 25/11/2020 | $0.62 | $0.00 | $0.26571428 |
| 25/08/2020 |
$0.62 |
$0.00 |
$0.26571428 |
| 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