IPO – IAG Convertible Preference Shares (ASX:IAGPC)
IAG CPS – Broker Firm Allocation
A high income investment in IAG
Wealth Focus is pleased to announce have secured access to the IAG CPS IPO. Investors looking to apply for a guaranteed allocation will need to contact us on 1300 559 869.
We currently still have stock and are allocating out on a first come first served basis.
We are likely to get access to additional allocation after this date but is subject to demand.
IAG CPS offering an indicative rate of 8.33%pa
Due to the high volume of new hybrid issues, new subscriptions such as IAG CPS are seeing less demand, resulting in an increased effective margin. We feel that IAG represents fair value to investors with an indicative pay rate of 8.33%pa (4%pa over the 180 day BBSW of 4.33% – 30/03/12).
Call us on 1300 559 869 to ask us to secure an allocation.
- Broker firm offer – Our allocation through the broker firm offer means investors are guaranteed to achieve their desired allocation without waiting for the general offer.
- Limited Offer – The offer is to raise approximately $350 Million, with the ability to raise more or less. The shares will be traded on the ASX.
- Income – IAG CPS provide holders with semi-annual franked distributions.
- High level of income – The distribution rate is 4.00% over the 180 day Bank Bill Swap Rate (4.33% – 30/03/12) for an indicative rate of 8.33%pa.
- Minimum investment – $10,000 (this is a Wealth Focus minimum)
- Issue Price – $100
- Existing IAGPA investors* can also convert to IAGPC on the 1st May through this offer and receive a pro-rata dividend ($2.1286) payment through our allocation.
Find out more
If you would like further information on IAG CPS Offer, please click on the links below:
Please call us on 1300 559 869 to ask us to secure an allocation.
Wealth Focus Pty Ltd
What do we get paid?
Wealth Focus will receive a payment of up to 1% plus GST of the amount invested. This commission is paid by the product issuer and is NOT an additional charge to the investor.