Fund Increases The Maximum Facility To Whitby Village

Whitby Village is a lifestyle retirement village located in Whitby, Wellington, beside the Whitby Shopping Centre and overlooking the lake and walkways. The Senior Trust Retirement Village Listed Fund ("the Fund"), is currently a second mortgage funder to Whitby Village (2009) Limited ("the Borrower"), which is also subject to a first ranking encumbrance registered in favour of the statutory supervisor. The Manager has reached an agreement with the Borrower, to increase the maximum facility from $15 million to $19 million. The Fund limits lending to a maximum of 60% of the valuation of the village, including any prior or pari passu ranking loans, as determined by an independent registered valuer and quantity surveyor. Please refer to the attachment for further details. End CA:00326156 For:SRF Type:GENERAL Time:2018-11-01 09:56:51