CitiFirst Instalment MINIs are the latest generation of Instalments providing straightforward and transparent leveraged exposure to Australia’s leading companies and Exchange Traded Funds (ETFs).
Designed for Individuals and Self Managed Super Funds seeking medium to long term exposure, investors gain the economic benefits of share ownership, including dividends and available franking credits, for a small portion of the cost of purchasing the shares outright. CitiFirst Instalment MINIs are listed and traded on the Australian Stock Exchange. There are no margin calls, no credit checks and importantly investors are unable to lose more than their original investment amount.
During the term of the investment, an Instalment MINI Holder is entitled to the economic benefits of all Dividends and depending on their circumstances, available franking credits (if any) paid in relation to the Underlying Shares.
Where the Self-Funding feature applies, any Dividends or special dividends payable in relation to the underlying shares will be applied to reduce the Final Instalment.
Where the Self-Funding feature does not apply, these Dividends are passed through to holders in the same way as if they owned the underlying security. As you only pay a portion of the cost of the Underlying Share upfront, the yield on a CitiFirst Instalment MINI is greater than that of the Underlying Share.
This trading guide is designed as an introduction to CitiFirst Instalment MINIs. Investors should note that this material is provided for information only and that the document herein should be read in its entirety. Contents do not constitute investment advice or a recommendation to buy / sell any particular financial product. Some important risk considerations appear at the end of the document and complete risk considerations are in the relevant Product Disclosure Statement (PDS).
CitiFirst Instalment MINIs Trading Guide