- ASX Code
- IOF
- Last price (AUD):
- 2.6500
- Change
- -0.0100 -0.38%
- Previous close
- 2.6500
Register For Updates Back Investa Office Fund (ASX: IOF)
Investa Office Fund (ASX code: IOF), previously known as ING Office Fund, is an ASX-listed real estate investment trust (A-REIT) and is included in the S&P/ASX 100 index. The Fund is a leading owner of investment grade office buildings and receives rental income from a tenant register comprised predominantly of Government and blue chip tenants. IOF has total assets under management of AU$2.6 billion, with investments located in core CBD markets throughout Australia and select offshore markets in Europe.
Strategy
To deliver enhanced Unitholder returns, the strategy is to focus on the Fund’s A-grade assets in core Australian office markets where it can actively enhance returns via proactive asset management and by repositioning or upgrading assets through the market cycle.
The overarching strategy is to reposition IOF as Australia’s pre-eminent CBD office fund with a diverse portfolio of high performing investment grade office assets.
Having assumed the management of IOF in April 2011 Investa will continue to execute its stated strategy for IOF, together with a range of new initiatives that aim to create future value for Unitholders over time including:
- Optimise investment returns via capital management initiatives including executing a 10% unit buyback;
- Refocus the portfolio to quality Australian office assets in core CBD markets;
- Deliver enhanced returns through proactive management and by repositioning or upgrading assets through market cycles;
- Leverage Investa’s integrated management platform and market-leading position to enhance portfolio returns;
- Assume an industry leadership position on environmental sustainability;
- Maintain market leading governance.
This page contains information about IOF’s distribution payment dates and taxation details. Should you require further information regarding your unit holding, please contact our unit registry, Link Market Services Limited
Distribution timetable
Previously IOF paid distributions quarterly, however, from 2012 onwards the Fund will pay distributions half-yearly. Please refer to the following table for upcoming distribution dates.
| Period ended | 30 Jun 2012 | 31 Dec 2012 | |
| Ex-distribution date | 25 Jun 2012 | 21 Dec 2012 | |
| Record date | 29 Jun 2012 | 31 Dec 202 | |
| Proposed payment date | end Aug 2012 | end Feb 2013 |
The above dates are indicative only and are subject to change. An ASX announcement will be lodged prior to each period confirming dates
Payment of distributions
You may choose to receive distributions by cheque or direct credit into your nominated bank, building society or credit union account. We encourage you to have your distributions credited directly to your nominated account, as this is a cost effective and secure payment system. Direct credit payments are deposited into your account as cleared funds on the date of payment.
To nominate your preferred method of payment, please contact Link Market Services Limited on 1300 851 394 or click here to download the appropriate form from the Registrar’s website.
The Dividend Reinvestment Plan (DRP) is currently switched off.
Unit Consolidation
The Fund recently completed a 1-for-4 unit consolidation in April 2012. As a result the number of IOF units on issue reduced by approximately a factor of 4, while at the same time the unit price increased fourfold. The consolidation did not change the aggregate value of an individual unitholder’s investment in IOF.
A summary of tax consequences of the consolidation is available here.
Dividend History
A summary of IOF’s distribution history back to the year 2000 is available here.
For details regarding the tax deferred component of historical distributions please click here.
This page contains current ASX announcements. These announcements contain information published on the ASX including distribution announcements, property acquisitions and disposals and other material information that is required to be announced under regulatory obligations.
For archived announcements (2011-2006) please click here
Unitholder Meeting – March 2012 |
| Results of Unitholder Meeting |
| Chairman’s Address and Presentation |
| Potential Acquisition of Interest in Deutsche Bank Place / 242 Exhibition Street |
| Confirmation of NOM Mailing |
| Notice of Meeting / Explanatory Memorandum |
| Webcast |
Unitholder Meeting – December 2011 |
| Results of Unitholder Meeting |
| Chairman’s Address and Presentation |
| Notice of Meeting / Explanatory Memorandum |
| Webcast |
Unitholder Meeting – July 2011 |
| Results of Unitholder Meeting |
| Chairman’s Address and Presentation |
| Webcast |
Small Parcels and Small Unitholdings Sale Facilities
| Offer to Unitholders to Sell Small Parcels and Small Unitholdings |
IOF Unit Consolidation
| Consolidation of Units Completed |
| Unit consolidation announcement |
| Unit consolidation notice |
| Reminder of Unit Consolidation Timetable |
Annual Reports
| 2011 Annual Report | |
| 2010 Annual Report | |
| 2009 Annual Report | |
| 2008 Annual Report |
Property Portfolios
| 2011 Property Book and Property Book Data in Excel format |
| 2010 Property Book |
| 2009 Property Book |
| 2008 Property Book |
Investa is internationally recognised in the development and implementation of real estate sustainability initiatives, and for more than ten years has worked to establish best practice sustainability procedures in the management of its Funds and properties.
With a focus on continual improvement, Investa has been able to demonstrate sustained improvements in building quality, and subsequent investment returns of the properties it acquires and manages, with major improvements generally being made in the first three years under management.
Investa took control of the property management of the Australian IOF assets from 1 July, 2011, and has begun to introduce additional sustainability processes and practices aimed at enhancing the environmental performance of the assets, with a particular focus on energy and water use, and waste management.
Investa Listed Funds Management Limited (ILFML) is the responsible entity for Investa Office Fund (IOF), and operates under the Australia Financial Service License (AFSL) 401414. On assuming the management of IOF in April 2011, Investa committed to an enhanced governance framework that provides unitholders with a level of transparency and oversight that is unprecedented for an externally managed listed entity. Key to the governance framework includes maintaining a Board with a majority of independent directors including an independent Chairman, and providing unitholders with the opportunity to ratify the appointment of independent directors at unitholder meetings.
As of July 2012, the Fund’s responsible entity fee will be calculated based on IOF market capitalisation rather than the value of assets under management ensuring greater alignment of interest between the manager and unitholders.
Details regarding the members of the ILFML Board can be found here.
The documents that relate to IOF’s corporate governance, including relevant charters, policies and code of conduct are as follows: |
| ILFML Board of Directors Charter |
| ILFML Audit and Compliance Committee Charter |
| Risk Management Charter |
| Continuous Disclosure Policy |
| Employee Security Trading Policy |
| Valuation Policy |
| Complaints Policy |
| Code of Conduct |
| IOF Deed Poll |
The following constitutions are in place for IOF, being a stapled entity between
|
| Armstrong Jones Office Fund Constitution |
| Prime Credit Property Trust Constitution |
Fund snapshot as at 31 Dec 2011
- Number of investments:
- 22
- Total assets:
- $2.6 billion
- Occupancy:
- 95%
- Weighted average lease expiry:
- 5.3 years
Fund Manager
- Name:
- Toby Phelps
- Phone:
- +61 2 8226 9439
- Email:
- Send email
Investor Relations & Communications Manager
- Name:
- Angela Reade
- Phone:
- +61 2 8226 9341
- Email:
- Send email
Unit Pricing for Investa Office Fund (ASX: IOF)
Investa Office Fund is a stapled security listed on the Australian Securities Exchange (ASX). Its ASX code is IOF. Investa Office Fund comprises Prime Credit Property Trust (PRP)(ARSN 089 849 196) and Armstrong Jones Office Fund (AJO)( ARSN 090 242 229). These units cannot be split up or traded separately.
Unit Price
| Code | Last | Open | High | Low | Volume |
|---|---|---|---|---|---|
| IOF | $2.6500 | $2.6500 | $2.6700 | $2.6400 | 1105524 |
As at 30/05/2012 2:56pm