Overview

Trust Profile

The MAB International Trust (MIRT) is an unlisted Australian unit trust which owns 5 grocery- anchored shopping centres located in the Carolinas, a significant growth area of the USA.

Trust Details

Registered Name: MAB International Retail Trust (ARSN 121 054 662)

APIR Code: MAB0002AU

Established: March 2007

Property Portfolio Details:

5 properties well diversified by property sector and location
Long lease expiry profiles, particularly from anchor tenants
Well presented and maintained buildings
A low vacancy of 4.0%
Good representation from national retailers, 48.4% of the income being generated from leases to anchor tenants

NTA: $0.19 per unit as at 31 December 2011

Investment Term: In 2013 (or earlier if it considers it in the best interests of Unitholders) the Responsible Entity will make a recommendation to Unitholders on the future strategy for the Trust and convene a meeting of Unitholders to vote on that recommendation. Depending upon market conditions and whether it believes a satisfactory sale price can be achieved at that time, the Responsible Entity will either recommend that MIRT be wound up or recommend an exit strategy to be implemented at an appropriate future time.

Distribution Frequency: Quarterly, payable six weeks after quarter end

Forecast Distributions: Distributions currently suspended. Forecast 8.30% interest payable on Notes for year ending 30 June 2012.

Income Performance:

Please Note: Distributions Currently Suspended

Year ending 30/06/2009: 4.66%, 87.21% tax deferred¹
_{(1) past performance is not an indication of future performance}

Year ending 30/06/2008: 8.40%, 90.0% tax deferred¹
_{(1) past performance is not an indication of future performance}

Year ending 30/06/2007: 8.45%, 90.0% tax deferred¹
_{(1) past performance is not an indication of future performance}

For further details see the MAB Funds Annual Reports.