Shaw and Partners is pleased to be appointed as Joint Lead Manager to the Dominion Income Trust 1 (ASX.DN1) $300m initial public offering.

Dominion Income Trust 1 is proposing to raise a minimum of A$150.0 million and a maximum of A$300.0 million through the issue of a maximum of 3.0 million new fully paid ordinary Units in the Trust at an Offer Price of A$100.00 per Unit.

The Trust will invest in a note that intends to gain exposure to debt instruments including loans, trust interests, notes and bank facilities originated or issued by corporates, banks, and non-bank financial debt issuers who have demonstrated strong financial performance and underwriting, as assessed by the Manager’s investment and risk management process. The note will execute the strategy largely through investing in a blend of various investment funds managed by Realm Investment House.

Key highlights of DN1 include:

• Monthly Income: targeted income that seeks to provide a monthly distribution of BBSW (1 month) + 3.50% per annum
• Embedded Equity Reserve: greater of 4% or $10m of the trust held underneath the trust assets as loss absorption to protect holders until the maturity date of the note
• Maturity Date and Margin Step Up: if the note is not called after 5 years, the Margin for the remaining term is increased by 1% per annum until maturity date
• Portfolio Diversification: expected to have low correlation to public equities and expected to be more correlated to global and domestic credit markets
• Experienced management: senior leaders within the Realm investment team have an average of over 27 years of market experience in portfolio management, supported by a team of over 16 investment professionals

Realm Investment House are a dynamic, market leading Australian based Credit and Fixed income manager, investing across both Public Debt and Private Debt assets backed by a 12-year track record. Realm manages in excess of $7.4bn across multiple debt strategies which have all met or exceeded their respective return targets since inception. This has been driven by a fundamentally oriented, largely contrarian, investment approach, which is supported by a comprehensive range of quantitative tools.

For more information contact your Shaw and Partners advisor.

The manager is Dominion Investment Management Pty Ltd. Offers of the securities will be made in (or accompanied by) a copy of the PDS, available at here and you should consider the disclosure document carefully before deciding whether to acquire the securities. To acquire securities under the offer investors will need to complete an application process detailed in the disclosure document.