On 13 October 2020, Challenger announced the Challenger Capital Notes 3 Offer and the Repurchase Invitation in respect of the Challenger Capital Notes, which provided eligible holders of Challenger Capital Notes with the opportunity to either:
- Participate in the Challenger Capital Notes 3 Offer by electing to have some or all of their investment in Challenger Capital Notes reinvested into Challenger Capital Notes 3 under the Reinvestment Offer and maintain an ongoing investment in Challenger.
- Participate in the Repurchase Invitation and Challenger (through a nominated purchaser) repurchased all of their Challenger Capital Notes for their face value of $100 each, payable in cash.
- Under the Reinvestment Offer, approximately $237.5 million of Challenger Capital Notes were repurchased for $100 each by the CCN1 Nominated Purchaser.
- Under the Repurchase Invitation, approximately $60.0 million of Challenger Capital Notes were repurchased for $100 each by the CCN1 Nominated Purchaser.
Challenger redeemed all repurchased Challenger Capital Notes in the hands of the CCN1 Nominated Purchaser by payment to the CCN1 Nominated Purchaser of an amount equal to the total face value in respect of the repurchased Challenger Capital Notes.
Following the completion of the Reinvestment Offer and Repurchase Invitation on 25 November 2020, approximately $47.5 million of Challenger Capital Notes remained on issue.
Further information on the Challenger Capital Notes 3 Offer (including the Reinvestment Offer) can be found in the Challenger Capital Notes 3 Prospectus dated 21 October 2020. Further information on the Challenger Capital Notes Repurchase Invitation can be found in the Challenger Capital Notes Repurchase Booklet dated 13 October 2020. Additionally, the Exchange Notice issued by Challenger dated 13 October 2020 can be found here.
Distributions
The next Distribution is expected to be paid on 25 February 2021 (subject to certain Payment Conditions). The total Distribution Rate plus franking credits for the next payment, which is for the Distribution Period ending on 24 February 2020, will be 3.4185% per annum.
Challenger Capital Notes Distribution history is included below:
| Ex-date | Record date | Payment date | Distribution |
|---|---|---|---|
| 16/02/2021 | 17/02/2021 | 25/02/2021 | $0.71 |
| 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 |
|---|---|---|---|
| 25/02/202 |
$0.355 |
$0.355 |
$0.15214285 |
| 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