Challenger Capital Notes were 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.
On 27 April 2021, Challenger announced an invitation to eligible holders of Challenger Capital Notes to have their Challenger Capital Notes repurchased for $102 each, payable in cash on 25 May 2021 (Repurchase Invitation). The Repurchase Invitation is now open and closes at 5:00pm (Sydney time) on 17 May 2021. This follows the completion of the 2020 Repurchase Invitation on 25 November 2020, which left approximately $47.5 million of Challenger Capital Notes on issue.
In addition to the Repurchase Price of $102 per Challenger Capital Note, eligible holders of Challenger Capital Notes who participate in the Repurchase Invitation will also receive a final distribution of $0.58 per Challenger Capital Note on 25 May 2021 (subject to the distribution payment conditions in the terms and conditions of the Challenger Capital Notes).
Participation in the Repurchase Invitation is optional. Eligible holders that do not participate will continue to hold Challenger Capital Notes in accordance with their terms and conditions. This means that those Challenger Capital Notes will convert to ordinary shares of Challenger on or after 25 May 2022, provided that the mandatory conversion conditions set out in the terms and conditions of the Challenger Capital Notes are satisfied.
Full details of the Repurchase Invitation are included in the Repurchase Booklet dated 27 April 2021, which can be accessed via www.challengercapitalnotes.com.au. If you currently hold Challenger Capital Notes, you should read the Repurchase Booklet in full.
The Repurchase Invitation issued by Challenger dated 27 April 2021 can be found here.
Distributions
Details of the next Distribution are provided in the table below, which is expected to be paid on 25 February 2021 (subject to certain Payment Conditions).| Ex-date | Record date | Payment date | Distribution |
|---|---|---|---|
| 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 |
|---|---|---|---|
| 25/05/2021 |
$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