Pengana Global Private Credit Trust (ASX:PCX) has filed an updated Appendix 3C notification disclosing the final buy-back price of AUD $2.02100000 per ordinary unit for its equal access scheme buy-back, with the price determined as at the Buy-Back Pricing Date of 30 September 2026.

Key Points

  • Final buy-back price set at AUD $2.02100000 per unit, comprising a capital component of $1.98200000 and a dividend component of $0.03900000
  • The equal access scheme offers to buy back 5% of total units on issue, equating to approximately 5,697,128 units from a total of 113,942,564 ordinary units
  • Buy-Back Payment Date is 15 October 2026, with the Buy-Back Pricing Date of 30 September 2026 used to determine the NAV per unit
  • Scale-back provisions apply if acceptances exceed 5% of total units; all accepting unitholders will be bought back if acceptances fall below the 5% threshold

Final Buy-Back Price Components and Calculation Basis

According to the filing dated 6 November 2026, the buy-back price of AUD $2.02100000 per unit is equal to the sum of the NAV per unit as at the Buy-Back Pricing Date of 30 September 2026, and amounts of distributions that the unitholder would have been entitled to if the unit was not cancelled from the Buy-Back Cancellation of Units Date up to the Buy-Back Payment Date of 15 October 2026. The capital component of the price is $1.98200000 per unit, and the dividend component is $0.03900000 per unit. The buy-back consideration is to be paid in Australian dollars.

Equal Access Scheme Structure and Scale-Back Terms

The buy-back is structured as an equal access scheme covering ordinary units fully paid under ASX code PCX. The responsible entity is offering to buy back 5% of the 113,942,564 total units on issue, representing approximately 5,697,128 units if all buy-back offers are accepted. If acceptances exceed 5% of total units, each accepting unitholder's units will be subject to a scale-back, reduced by the same proportion required to ensure no more than 5% of total units are repurchased. If acceptances fall below 5%, all accepting units will be bought back.

Foreign Participation Restrictions and Key Scheme Dates

The responsible entity has received approval from ASIC to provide relief from equal treatment provisions for foreign unitholders, on the basis that it would be unreasonable to extend the buy-back to unitholders residing outside of Australia and New Zealand, having regard to the number and value of units held and costs of complying with applicable legal and regulatory requirements. For holdings held by a custodian or nominee, foreign participation restrictions are applied to the address of the custodian or nominee. The initial buy-back notification was made on 13 May 2026, with the offer closing date recorded as 19 June 2026 and the buy-back cancellation of units date as 23 June 2026.