Challenger Capital Notes CGFPA

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 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:

1. 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.
2. 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. 

On 25 November 2020, Challenger announced the successful completion of the Reinvestment Offer and Repurchase Invitation, including the following results:

• 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

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:

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 3, 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.