Dixon Advisory

AMCBF NO 5 DIVIDEND ANNOUNCEMENT

AMCBF No 5 is pleased to announce a fully franked dividend of $2.18 expected to be payable on 31 May 2010, or shortly after. Please see the dividend table below for a full list of dividends paid or payable by the AMCBF series.

INVESTMENT OVERVIEW

The Australian Masters Corporate Bond Fund Series provides investors with the opportunity to gain access to quality corporate bonds, not usually available to retail investors. The Funds provide exposure to a diversified portfolio of bonds issued in Australia by Australian companies, well known multinational companies and Australian subsidiaries of multinational companies.
To date there have been five issues in the Australian Masters Corporate Bond Fund Series (AMCBF), with the AMCBF No 5 raising
over $53.8 million in February this year. This followed the successful raising of the AMCBF No 1 which raised $54.3 million in
June 2008, AMCBF No 2 which raised $35.5 million in September 2008, the AMCBF No 3 which raised $41.5 million in February 2009 and the AMCBF No 4 which raised $72.3 million. All five funds have been invested, and funds 1, 2 and 3 have begun paying fully franked dividends.
Dixon Advisory & Superannuation Services Pty Limited, the Manager to the Companies, believes that the fixed interest market for corporate bonds continues to provide some of the most attractive risk adjusted returns available for medium term investors.
The corporate bond market is not a market retail investors can normally access due to significant barriers to entry and difficulties in obtaining a diversified exposure.

STRUCTURE

The structure is simple and Companies have no gearing. Each Fund's investment objective is to establish a portfolio of bonds that generates a high rate of income and that minimises costs. The final bonds selected for inclusion in each Company's portfolio is dependant upon market conditions at the time of investment and is selected by the Manager following the closing of the offer.

DIVIDENDS

The Funds all intend to pay regular franked dividends and to conduct a full capital return to shareholders upon maturity of the underlying corporate bonds.

				FULLY FRANKED DIVIDENDS
FUND	ISSUANCE	UNIT SIZE	FUND SIZE	FEB 2009	OCT 2009	MAR 2010	MAY 2010	PORTFOLIO MATURITY
AMCBF No 1 Ltd	June 2008	$100.00	$54.3 million	$2.47	$2.85	$3.28		June 2011
AMCBF No 2 Ltd	Sept. 2008	$100.00	$35.5 million	$1.46	$2.06	$2.78		June 2011
AMCBF No 3 Ltd	March 2009	$100.00	$41.5 million		$1.98	$3.92		Sept. 2011
AMCBF No 4 Ltd	June 2009	$100.00	$72.3 million			$2.43		Dec. 2012
AMCBF No 5 Ltd	Feb 2010	$97.50 - $100.00	$53.8 million				$2.18	Dec. 2015

Download the Australian Masters Corporate Bond Fund No. 5 Prospectus

ANNOUNCEMENTS

RELEASED	DOCUMENT	DESCRIPTION	LINK
June 2010	Placement Announcement	AMCBF Placement Announcement	VIEW FILE
May 2010	Successful Placement	AMCBF5 Successful Placement	VIEW FILE
May 2010	Information Memorandum	AMCBF1 Information Memorandum in connection with its application for ASX listing	VIEW FILE
May 2010	Information Memorandum	AMCBF2 Information Memorandum in connection with its application for ASX listing	VIEW FILE
May 2010	Information Memorandum	AMCBF3 Information Memorandum in connection with its application for ASX listing	VIEW FILE
May 2010	Placement Announcement	AMCBF5 Placement Announcement	VIEW FILE
May 2010	AMCBF5 Dividend	AMCBF5 Dividend Announcement	VIEW FILE
May 2010	AMCBF1, 2 & 3 Results of Meeting	AMCBF1, 2 & 3 ASX listing approved by Shareholders	VIEW FILE
May 2010	AMCBF Series Update	Series Update and General Market Commentary	VIEW FILE
April 2010	AMCBF1 Notice of Meeting & EM	AMCBF1 Notice of General Meeting and Explanatory Memorandum	VIEW FILE
April 2010	AMCBF2 Notice of Meeting & EM	AMCBF2 Notice of General Meeting and Explanatory Memorandum	VIEW FILE
April 2010	AMCBF3 Notice of Meeting & EM	AMCBF3 Notice of General Meeting and Explanatory Memorandum	VIEW FILE
January 2010	AMCBF Series Update	Series Update and General Market Commentary	VIEW FILE
December 2009	AMCBF Series Notice	Change of Investment Strategy	VIEW FILE
October 2009	AMCBF5 Prospectus	New Offering - Australian Masters Corporate Bond Fund No 5 Ltd prospectus	VIEW FILE
September 2009	AMCBF AGM Presentation	2009 Australian Masters Corporate Bond Fund Series Annual General Meeting Power Point presentation	VIEW FILE
September 2009	2009 AGM Details	Important shareholder documents relating to the 2009 Annual General meeting for the Australian Masters Corporate Bond Funds	VIEW FILE
August 2009	AMCBF Series Update	Details of final portfolio composition for AMCBF#4, update on AMCBF#1, AMCBF#2, AMCBF#3 & General Market Commentary	VIEW FILE
May 2009	AMCBF4 Supplementary Prospectus	Supplementary prospectus to be read in conjunction with original prospectus	VIEW FILE
May 2009	AMCBF4 Prospectus	New Offering - Australian Masters Corporate Bond Fund No 4 Ltd prospectus	VIEW FILE
May 2009	AMCBF Series Update	Details of final portfolio composition for AMCBF#3, update on AMCBF#1, AMCBF#2 & General Market Commentary	VIEW FILE
February 2009	AMCBF3 Prospectus	New Offering - Australian Masters Corporate Bond Fund No 3 Ltd prospectus	VIEW FILE
October 2008	AMCBF2 Update	Final portfolio composition for AMCBF2	VIEW FILE
September 2008	AMCBF2 Prospectus	New Offering - Australian Masters Corporate Bond Fund No 2 Ltd prospectus	VIEW FILE
July 2008	AMCBF1 Update	Final portfolio composition for AMCBF1	VIEW FILE
June 2008	AMCBF1 Prospectus	New Offering - Australian Masters Corporate Bond Fund No 1 Ltd prospectus	VIEW FILE

FURTHER INFORMATION

For further information on the Australian Masters Corporate Bond Funds, please contact Dixon Advisory on 1300 852 017 or email Company Secretary for the funds, Hannah Chan, at hannah.chan@dixon.com.au