FIXED INTEREST
Income Alternatives
Hybrid securities or preference shares , particularly those of the banks , continue to be a yield opportunity . Clients assume the risk these securities in times of severe economic stress may be converted into ordinary shares or worst case , written off . Subject to their conditions and maturity , ‘ after franking ’ yields at 4.5 % can be achieved .
Burrell provide a diversified group of listed & un-listed regular income opportunities . With price fluctuations like shares , Listed income trusts ( LITs ) are not short-term investments .
A selection are summarized below ;
・ Qualitas Real Estate Income Fund
� Earning circa 5.6 %, payable monthly , underlying security principally secured Australian commercial real estate loans
・ Gryphon Capital Income Trust
� Earning circa 4.6 %, payable monthly , underlying security principally Australian mortgage backed securities with revenue from Australian household mortgages .
・ Perpetual Credit Income Trust
� Earning circa 3.4 %, payable monthly , underlying security principally Australian & international bonds issued by banks , governments and corporations
・ Plato Income Maximizer Trust
� After tax franking dividend earner , current income return circa 6 %, payable monthly . Actively traded , underlying security , relatively high dividend Australian listed shares .
・ Spectrum Strategic Income Fund
� Earning circa 2.4 %, payable quarterly , underlying security principally ‘ investment grade ’ Australian & international bonds issued by banks and governments
Bonds
For clients with in excess of $ 50,000 to invest in specific regular income bonds , yields between 2 % & 4 % are available sourced from a variety of corporations .
None of these alternative income investments carry the federal government $ 250,000 bank deposit guarantee . The attached term deposit rates are available for Burrell clients on our Premium Portfolio Service ( PPS ). Your Burrell advisor would be pleased to expand on PPS , these and other regular income opportunities .
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