A . B . N . 69 092 626 885 AFSL No. 222110 S uite 61 3 , Level 6 370 S t Ki l d a R o a d MELBOU R N E V I C 3 0 0 4 T e le p h o n e : 1 3 0 0 5 53 431 E m a il : enquirie s @aurorafunds.com.au 26 November 2021 ASX Limited Level 6, Exchange Centre 20 Bridge Street Sydney NSW 2000 Attention: Company Announcements AURORA PROPERTY BUY - WRITE INCOME TRUST (AUP) W e advise that the estimated Net Asset Value per Uni t o f t h e T r u s t including franki n g credits as at 2 5 November 2021 was $ 3. 4 5 . RNY Property Trust Aurora has an interest of approximately 6 6 % in the RNY Property Trust ( RNY ), which is listed on the ASX , with AUP holding 6 2 % . In September 2019 material inform a t i o n c a m e t o l i g h t regarding AUP ’ s investment in RNY . As a result, A urora has determined to carry AUP’s interest in RNY at 4 . 4 cents per unit (previously 1.4 cents per unit) . On 29 June 2020, Keybridge Capital Limited (Keybridge) announced it s intention to m a k e a n o f f - m a r ket all scrip takeover bid for RNY at an implied offer price of $0.011 per RNY unit1 (Keybridge Offer), with its Bidder’s Statement being dispatched on 28 August 2020. On 28 September 2020, Keybridge issued a substantial holde r notice stating i t h a d a c q u i r ed a relevant interest of 1.01% in RNY (from parties other than Aurora) through acceptances into the Keybridge Offer. Aurora has also elected to accept a portion of its Funds holdings into the Keybridge Offer. Consistent with its previous “tr u t h i n t a k e o v e rs” statement, Aurora has limited its acceptances into the Keybridge Offer at 41,450,000 RNY units. As a consequence of the acceptances into the Keybridge Offer, the implied offer price of $0.011 per RNY unit is now the most readily observab l e p r i c e f o r R NY securities. As such, this has resulted in the carrying value of Aurora’s direct investments in RNY being reduced from $0.044 to $0.011 per RNY unit, across its various Funds. On 20 January 2021, Huntley Management Limited (Huntley), as re s p o n s i b l e e n t i ty of RNY, announced that unitholders had passed a resolution to remove RNY from the Official List of the ASX. As a consequence of RNY's voting results, RNY was removed from the Official List of the ASX on 25 January 2021. About the Aurora P r o p e r t y B u y - Write Inc o m e Tr u s t T he Aurora Property Buy - Write Income Trust (“ F und ” ) s ee k s t o p r ovide i n v e s tors with capital growth a n d in c o me through owning a portfolio of ASX - listed property securities, and actively selling call option s over the portfol i o . Y o u r s f a i thfully A u r o r a F u n d s Management Limited as r esponsible entity for the Aurora Property Buy - Wr it e I n c o me Trust John Pat t o n C o m p any Secretary
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