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Centuria Bass pauses fund redemptions and applications
Centuria Bass has announced a temporary suspension of redemptions and applications for both its Centuria Bass Credit Fund and the Bass Property Credit Fund. The fund manager stated that the decision was prompted by a surge in redemption requests following recent commentary concerning the Bathla Group.
The company anticipates that these measures will remain in effect for two to six months, though the timeframe is subject to review by the Trustee, Centuria Bass Financial Services Limited. The firm noted that the decision aims to ensure equitable treatment for all investors in accordance with the fund’s governing documents.
Despite the pause, Centuria Bass confirmed that the funds remain operational and continue to generate income from underlying investments. The portfolio consists of a diversified pool of first mortgage loans secured against real estate assets in various metropolitan corridors.
Entities
Bathla Group · Centuria Bass · Centuria Bass Financial Services Limited
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Centuria Bass has temporarily paused redemptions and applications for the Centuria Bass Credit Fund and the Bass Property Credit Fund. financialnewswire.com.au
- [○ 1 SOURCE] The funds remain operational and continue to generate income from underlying investments. financialnewswire.com.au
- [○ 1 SOURCE] The suspension is expected to last between two to six months, subject to review by the Trustee. financialnewswire.com.au
- [○ 1 SOURCE] The pause follows an increase in redemption requests driven by commentary regarding the Bathla Group. financialnewswire.com.au