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News and Announcements

PMAC Trust Announce Positive Annual Results

  • Published July 20, 2018 12:00AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

KEY TAKEAWAYS:

  • The PMAC Trust announced a return of 18.06% this past June quarter.
  • The Trust will be offering a promotion of no application fee for the next one million units issued.

PMAC Trust has announced the positive annual returns for the June quarter. The trust announced a return of 18.06%, a significant increase on previous quarters. The PMAC trust’s cash position was closer to their target of 5% this quarter and two substantial loans were advanced. The loans have drawn down principal and charges the full interest rate on the amount and not the lower line fee. Additionally, two non-performing loans have been accumulating PMA’s management fee. The Trust now has a weighted average interest rate of 14.42% per annum and a low Loan to Value Ration across all their loans.

The trust has exceeded their target return of 12 % for the past twelve months and 12.91% since the Trust inception in 2015. The past 12 months have seen the Trust assess over 259 loans resulting in 19 new loan advances. The PMAC Trust funded 18 in full or in part of the 19 loans that advanced. The PMAC will now run a special offer of a no application fee for the next one million units issued.

 

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