Investor Presentaiton
Home Update on Daily Needs ASX-listed REIT
Transaction overview and timing
Co.
Summary
Intention to establish a new Daily Needs ASX-listed REIT through
an in-specie distribution to HomeCo (HMC.ASX) securityholders. A
newly formed HMC subsidiary will act as responsible entity of DN
REIT
HMC to hold a direct co-investment stake in DN REIT
HMC securityholders to receive new securities in DN REIT
proportional to their existing securityholding
DN REIT to simultaneously look to raise new capital
Subject to final Board approval, third party consents, regulatory
and securityholder approvals
Post DN REIT creation structure
Existing HMC
investors
Partial
ownership
100%
ownership
Home
Co.
Home
Consortium
(HMC.ASX)
Partial
ownership
Management
fees +
100%
ownership
distributions
Home
Co.
Existing operating
DN REIT
assets
Health
Co.
♡
Healthcare & I
Wellness
developments
Daly Needs
REIT
Indicative timing
HMC Annual General Meeting
18 November
Completion of in-specie distribution
Late November
DN REIT trading commences
Late November
Partial
ownership
Potential to create growth through further asset
recycling and the introduction of external capital
New investors
6View entire presentation