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MA Credit Income Trust (ASX:MA1) has published its daily Net Tangible Asset Backing (NTA) estimate, reporting an unaudited NTA per unit of $2.0010 as at the close of trading on Thursday, 2 July 2026. This update was authorised by Andrew Godfrey, Director at Equity Trustees Limited, the responsible entity overseeing the trust. For investors focused on income and unitholders monitoring the trust's intrinsic value, the daily NTA disclosure serves as an essential benchmark for evaluating the fund's asset status. It is important to note that this figure is an unaudited estimate and may be adjusted following a full audit and reconciliation.<\/p> <\/div>
Key Points<\/h3>
- Entity: MA Credit Income Trust (ASX:MA1)<\/li>
- Estimated unaudited NTA per unit at $2.0010 as of 2 July 2026<\/li>
- NTA figure released at market close on Thursday, 2 July 2026<\/li>
- Disclosure authorised by Andrew Godfrey, Director of Equity Trustees Limited, the responsible entity<\/li>
- Investors should monitor ongoing daily NTA releases and any shifts in the credit portfolio composition<\/li>
<\/ul>
<\/div>
MA Credit Income Trust Reports Unaudited NTA of $2.0010 Per Unit on 2 July 2026<\/h2>
On Thursday, 2 July 2026, MA Credit Income Trust disclosed an unaudited Net Tangible Asset Backing per unit of $2.0010, as part of its routine daily NTA reporting designed to keep unitholders and market participants updated on the fund's underlying asset value.<\/p>
This unaudited estimate reflects the responsible entity’s best assessment of the trust’s asset backing at that time and has not undergone independent verification or a full audit. Investors and unitholders should consider this distinction when evaluating the figure. No detailed breakdown of the underlying assets was provided in this update.<\/p>
Equity Trustees Limited’s Role as Responsible Entity for MA1<\/h2>
The daily NTA update was authorised by Andrew Godfrey, Director at Equity Trustees Limited, which acts as the responsible entity for MA Credit Income Trust. Equity Trustees Limited holds an Australian Financial Services Licence (AFSL 240975) and provides trustee and responsible entity services for various managed investment schemes listed and unlisted in Australia.<\/p>
As responsible entity, Equity Trustees Limited is legally accountable for managing and administering the trust in line with its constitution and the Corporations Act 2001. This governance structure is standard for Australian managed investment schemes and offers oversight for unitholders. The update did not include additional management commentary on strategy or portfolio positioning.<\/p>
Significance of Daily NTA Reporting for MA Credit Income Trust Investors<\/h2>
Daily NTA reporting is a transparency tool used by listed investment trusts to allow unitholders to track the estimated underlying value of their investment almost in real time. For a credit-focused income trust like MA1, which invests in fixed income and credit instruments, the NTA per unit represents the aggregate market or fair value of the credit assets minus liabilities, divided by the total units outstanding.<\/p>
This figure is particularly relevant for income-focused investors as it helps determine whether units are trading at a premium or discount relative to their underlying asset value on the ASX. Trading above NTA indicates a premium for market access or yield, while trading below may suggest a discount. The company did not disclose the current market price or premium/discount analysis in this announcement.<\/p>
Implications of the $2.0010 NTA Figure on the Credit Portfolio<\/h2>
The reported NTA of $2.0010 per unit indicates that the trust’s credit portfolio has maintained a relatively stable asset value as of the measurement date. Credit income trusts typically aim to preserve capital while generating income distributions, and an NTA near or above $2.00 may align with these objectives depending on the trust’s mandate and unit price history.<\/p>
However, no comparative NTA data from previous periods or details on portfolio changes affecting this estimate were provided. Investors interested in NTA trends should consult prior daily disclosures. This update did not include information on portfolio composition, credit quality, duration, or yields.<\/p>
Unaudited Estimate and Its Considerations for Investors<\/h2>
The company emphasised that the NTA figure is an unaudited estimate, a common disclaimer for daily NTA releases within the Australian funds management sector. Audited financial statements, offering greater assurance on valuations and accounting, are typically published semi-annually or annually as required.<\/p>
Investors should note that daily NTA estimates may be revised if underlying credit valuations, accrued income, or liabilities are adjusted later. While the estimate provides a near-term reference, it is not a definitive audited statement. No known adjustments or material uncertainties related to the 2 July 2026 estimate were indicated.<\/p>
Contact Information for MA Credit Income Trust<\/h2>
Unitholders or prospective investors seeking further details about the trust or this NTA disclosure can contact MA Credit Income Trust via phone or email. Australian callers can reach the trust at 1300 135 167, while international callers may use +61 2 8023 5415.<\/p>
Inquiries can also be sent by email to [email protected]. Boardroom Limited provides registry and client services for the trust. These contact options reflect standard investor relations practices for Australian listed managed investment schemes, offering accessible channels for questions.<\/p>
Authorisation of the NTA Disclosure by Andrew Godfrey<\/h2>
The release was formally authorised for ASX publication by Andrew Godfrey, Director of Equity Trustees Limited. This authorisation ensures that a responsible officer has reviewed and approved the disclosure in compliance with the trust’s continuous disclosure obligations under ASX Listing Rules.<\/p>
Mr. Godfrey’s role as authorising director aligns with standard governance for managed investment schemes, where the responsible entity holds accountability for market disclosures. No additional statements from Mr. Godfrey or other personnel were included beyond the authorisation.<\/p>
MA Credit Income Trust’s Disclosure Practices and Reporting Frequency<\/h2>
MA Credit Income Trust’s daily NTA reporting exceeds the typical frequency of many listed entities, which often report asset values monthly or quarterly. For credit income trusts, daily updates are considered best practice, enabling unitholders and market participants to make timely, informed decisions regarding investment value.<\/p>
Regular daily NTA publication also facilitates price discovery on the ASX, helping ensure that MA1 units trade closely to the trust’s underlying value. Investors should expect ongoing daily NTA releases on each business day, reflecting valuations as of the prior trading day’s close. The immediate market impact of this disclosure was not evident from available information.<\/p>
Investor Considerations Following the Latest NTA Release<\/h2>
Current and prospective MA Credit Income Trust unitholders should monitor the continuity of daily NTA updates and any significant changes in the per-unit figure that may indicate shifts in credit market conditions or portfolio makeup. A sustained decrease in NTA could signal weakening credit assets, while stability or growth may suggest portfolio performance aligned with expectations.<\/p>
Investors should also watch for formal announcements from Equity Trustees Limited regarding changes to investment strategy, distribution policies, or portfolio management, as these could materially affect the trust’s long-term returns. Additionally, scheduled distribution notices or financial results will provide a more comprehensive view of MA1’s performance beyond the daily NTA snapshot.<\/p>
MA Credit Income Trust Reports Unaudited NTA of $2.0010 Per Unit on 2 July 2026<\/h2>
On Thursday, 2 July 2026, MA Credit Income Trust disclosed an unaudited Net Tangible Asset Backing per unit of $2.0010, as part of its routine daily NTA reporting designed to keep unitholders and market participants updated on the fund's underlying asset value.<\/p>
This unaudited estimate reflects the responsible entity’s best assessment of the trust’s asset backing at that time and has not undergone independent verification or a full audit. Investors and unitholders should consider this distinction when evaluating the figure. No detailed breakdown of the underlying assets was provided in this update.<\/p>
Equity Trustees Limited’s Role as Responsible Entity for MA1<\/h2>
The daily NTA update was authorised by Andrew Godfrey, Director at Equity Trustees Limited, which acts as the responsible entity for MA Credit Income Trust. Equity Trustees Limited holds an Australian Financial Services Licence (AFSL 240975) and provides trustee and responsible entity services for various managed investment schemes listed and unlisted in Australia.<\/p>
As responsible entity, Equity Trustees Limited is legally accountable for managing and administering the trust in line with its constitution and the Corporations Act 2001. This governance structure is standard for Australian managed investment schemes and offers oversight for unitholders. The update did not include additional management commentary on strategy or portfolio positioning.<\/p>
Significance of Daily NTA Reporting for MA Credit Income Trust Investors<\/h2>
Daily NTA reporting is a transparency tool used by listed investment trusts to allow unitholders to track the estimated underlying value of their investment almost in real time. For a credit-focused income trust like MA1, which invests in fixed income and credit instruments, the NTA per unit represents the aggregate market or fair value of the credit assets minus liabilities, divided by the total units outstanding.<\/p>
This figure is particularly relevant for income-focused investors as it helps determine whether units are trading at a premium or discount relative to their underlying asset value on the ASX. Trading above NTA indicates a premium for market access or yield, while trading below may suggest a discount. The company did not disclose the current market price or premium/discount analysis in this announcement.<\/p>
Implications of the $2.0010 NTA Figure on the Credit Portfolio<\/h2>
The reported NTA of $2.0010 per unit indicates that the trust’s credit portfolio has maintained a relatively stable asset value as of the measurement date. Credit income trusts typically aim to preserve capital while generating income distributions, and an NTA near or above $2.00 may align with these objectives depending on the trust’s mandate and unit price history.<\/p>
However, no comparative NTA data from previous periods or details on portfolio changes affecting this estimate were provided. Investors interested in NTA trends should consult prior daily disclosures. This update did not include information on portfolio composition, credit quality, duration, or yields.<\/p>
Unaudited Estimate and Its Considerations for Investors<\/h2>
The company emphasised that the NTA figure is an unaudited estimate, a common disclaimer for daily NTA releases within the Australian funds management sector. Audited financial statements, offering greater assurance on valuations and accounting, are typically published semi-annually or annually as required.<\/p>
Investors should note that daily NTA estimates may be revised if underlying credit valuations, accrued income, or liabilities are adjusted later. While the estimate provides a near-term reference, it is not a definitive audited statement. No known adjustments or material uncertainties related to the 2 July 2026 estimate were indicated.<\/p>
Contact Information for MA Credit Income Trust<\/h2>
Unitholders or prospective investors seeking further details about the trust or this NTA disclosure can contact MA Credit Income Trust via phone or email. Australian callers can reach the trust at 1300 135 167, while international callers may use +61 2 8023 5415.<\/p>
Inquiries can also be sent by email to [email protected]. Boardroom Limited provides registry and client services for the trust. These contact options reflect standard investor relations practices for Australian listed managed investment schemes, offering accessible channels for questions.<\/p>
Authorisation of the NTA Disclosure by Andrew Godfrey<\/h2>
The release was formally authorised for ASX publication by Andrew Godfrey, Director of Equity Trustees Limited. This authorisation ensures that a responsible officer has reviewed and approved the disclosure in compliance with the trust’s continuous disclosure obligations under ASX Listing Rules.<\/p>
Mr. Godfrey’s role as authorising director aligns with standard governance for managed investment schemes, where the responsible entity holds accountability for market disclosures. No additional statements from Mr. Godfrey or other personnel were included beyond the authorisation.<\/p>
MA Credit Income Trust’s Disclosure Practices and Reporting Frequency<\/h2>
MA Credit Income Trust’s daily NTA reporting exceeds the typical frequency of many listed entities, which often report asset values monthly or quarterly. For credit income trusts, daily updates are considered best practice, enabling unitholders and market participants to make timely, informed decisions regarding investment value.<\/p>
Regular daily NTA publication also facilitates price discovery on the ASX, helping ensure that MA1 units trade closely to the trust’s underlying value. Investors should expect ongoing daily NTA releases on each business day, reflecting valuations as of the prior trading day’s close. The immediate market impact of this disclosure was not evident from available information.<\/p>
Investor Considerations Following the Latest NTA Release<\/h2>
Current and prospective MA Credit Income Trust unitholders should monitor the continuity of daily NTA updates and any significant changes in the per-unit figure that may indicate shifts in credit market conditions or portfolio makeup. A sustained decrease in NTA could signal weakening credit assets, while stability or growth may suggest portfolio performance aligned with expectations.<\/p>
Investors should also watch for formal announcements from Equity Trustees Limited regarding changes to investment strategy, distribution policies, or portfolio management, as these could materially affect the trust’s long-term returns. Additionally, scheduled distribution notices or financial results will provide a more comprehensive view of MA1’s performance beyond the daily NTA snapshot.<\/p>
