November 23, 2020 / Regnan Credit Impact Trust

THE first years of little Luna’s life were spent “surfing” from one relative’s home to the next with mum Stacey.

“I haven’t had a home to call my own,” said single parent Stacey. “It was never easy, and I always felt like I wasn’t where I needed to be.

“Since falling pregnant and having to leave work early due to the pregnancy being at high risk, I returned home to Wagga, to raise my baby.

“Being a single parent is hard. Basically, surfing from house to house made things even harder.

“The pressure and the cost of living made me feel like it was impossible. So, when the opportunity was given to me to live in such a wonderful home at cost that I could actually manage I was over the moon.”

That opportunity came from Argyle Housing, a top Australian Tier 1 Community Housing Provider which develops Affordable Housing with help from investors in Regnan’s Credit Impact Trust.

Community Housing Providers such as Argyle Housing develop and lease Affordable Housing for Australians on low incomes.

“Hearing the positive outcomes of housing young mums, makes me really proud of the work we have done in creating new Affordable Housing in Wagga Wagga with the support of NHFIC funding,” says Wendy Middleton, CEO of Argyle Housing.

Funding comes partly from the federal government’s National Housing Finance and Investment Corporation (NHFIC), which raises money by issuing bonds to investors such as Regnan.

Regnan is a global fund manager specialising in “impact investment” strategies that offer attractive returns while also making a positive impact in the community.

Regnan’s Credit Impact Trust — distributed by Pendal in Australia — invests in a range of social and green bonds including those issued by NHFIC.

NHFIC lends out the money raised ($1.2 billion so far) to housing providers at lower interest rates and on better terms than banks, saving tens of millions of dollars — while providing attractive returns to investors.

NHFIC offers Community Housing Providers lower interest rates at better terms than banks, saving tens of millions of dollars — while providing attractive returns to investors.

“NHFIC is very important for financing, because it’s possibly as low a cost for borrowing you could ever achieve — and it’s performed very well,” says Wendy Hayhurst, chief executive of the Community Housing Industry Association.

“It’s performed very well because it’s got a government guarantee.”

“Demand for NHFIC bonds looks set to grow because Australia will need up to a million community housing homes by 2036,” Ms Hayhurst says.

“I’ve been given the opportunity to reside in one of the Argyle Housing affordable units in Kooringal,” says Stacey.

“I’m ever so grateful for the opportunity. I’m a single mum of a beautiful 2-year-old girl, Luna.

“I’m ever so grateful for the opportunity, the homes are absolutely beautiful, and to have such a beautiful place to call home I feel truly blessed.”

“It really has felt that since moving in, my life with my daughter has truly begun. I want to say thank you to Argyle Housing for giving me the ability to turn my life around and to make a home for my daughter.

“Luna and I are extremely grateful.

Regnan is a responsible investment leader with a long and proud heritage providing advice and insights on important environmental, social and governance issues.

Building on that expertise, Regnan recently expanded into responsible investment funds management, backed by the considerable resources of Pendal Group.

For more information, please contact Head of Regnan and Responsible Investment Distribution Jeremy Dean at jeremy.dean@regnan.com.

Regnan thanks Argyle Housing for their co-operation in producing this article. Argyle Housing’s vision is to deliver quality housing options and connections to the community. More information on Argyle Housing: www.argylehousing.com.au

This document has been prepared by Pendal Institutional Limited (Pendal) ABN 17 126 390 627, AFSL No 316455 and the information contained within is current as at [date]. This document is for general information purposes only, should not be considered as a comprehensive statement on any matter and should not be relied upon as such. It has been prepared without taking into account any recipient’s personal objectives, financial situation or needs. Because of this, recipients should, before acting on this information, consider its appropriateness having regard to their individual objectives, financial situation and needs. This information is not to be regarded as a securities recommendation. The information in this document may contain material provided by third parties, is given in good faith and has been derived from sources believed to be accurate as at its issue date. While such material is published with necessary permission, and while all reasonable care has been taken to ensure that the information in this document is complete and correct, to the maximum extent permitted by law neither Pendal nor any company in the Pendal Group accepts any responsibility or liability for the accuracy or completeness of this information. Pendal is the responsible entity and issuer of units in the Regnan Credit Impact Trust ARSN: 638 304 220 (the Fund). An Information Memorandum is available for the Fund (IM) and can be obtained by calling 1800 813 886 or visiting www.pendalgroup.com. You should obtain and consider the IM before deciding whether to acquire, continue to hold or dispose of units in the Fund. An investment in the Fund is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. Past performance is not a reliable indicator of future performance.

Regnan Global Equity Impact Solutions Fund

This fund is distributed in Australia via Pendal and in the UK, Europe and other countries via J O Hambro Capital Management.

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