Income-Plus Fund

Status of fund

The Fund has been deemed illiquid in accordance with the Corporations Act.

This means taking into consideration the interests of all unitholders the Fund will suspend redemptions until further notice.

Withdrawal offers may be made but are subject to to prevailing financial position of the fund and the relevant provisions of the corporations act.

Update on new applications, additional investments and reinvestment of distributions

SPC is not currently accepting new applications, or additional investments or reinvestment of distributions within the Fund, effective 5pm Monday 15 February 2010.

PDS

A supplementary PDS has been issued to provide information around the change of circumstances relating to the Fund.

For further information please refer to the following documents:

- Supplementary PDS

- Questions and Answers

- Investor Update

Fund Features

This is a summary of the features of the Fund. You should read the entire Product Disclosure Statement for full details before investing.

Fund Name	Income-Plus Fund
ARSN	106 910 392
Responsible Entity	Specialised Private Capital Ltd trading as Centric Capital, AFS Licence Number 246 744
Investment Objective	The objective of the Fund is to provide a steady income stream by exposure to a range of high yielding debt assets that have not traditionally been available through fixed income investment products in the Australian retail market.These are both secured and unsecured loans and fixed and floating rate securities, in Australia and internationally. Generally cash exposure will be minimal. The Fund is primarily structured as a “fund of funds” investment where we select other specialised funds in which to invest.

This Fund may suit your investment needs and risk profile if you:

Seek higher potential returns than those from traditional fixed income investments,
Are comfortable with higher risks than those of traditional fixed income investments, and
Are seeking an alternative to traditional fixed income products.

Recommended minimum investment horizon	3-5 years
Expected volatility of returns	Medium
Potential for capital growth	Low
Potential for income	High
Minimum initial investment	$10,000
Minimum additional investment	$1,000
Minimum redemption	$1,000
Minimum balance	$10,000
Income distributions	Quarterly
Investments can be made	Monthly – we must receive your application at least 10 days prior to the end of each month.
Redemptions	You cannot make a redemption request within the first twelve months of making an investment, and after this redemptions are generally on a quarterly on a “best efforts” basis.Please refer to the PDS for more details.

Important Information

This document is only for use by investors and prospective investors in the Fund (whether directly or via a master trust or administration service) and their financial advisers. This document is of a general nature only and has been prepared without taking into account any person's particular investment objectives, financial situation or particular needs. Always consider the current PDS in deciding whether to invest or hold your investment in the fund.