Perpetual Credit Income Trust Announces Daily Net Tangible Asset Estimate of $1.096 Per Unit as of July 10, 2026

Perpetual Credit Income Trust Reports Daily NTA of $1.096 Per Unit on 10 July 2026

The Perpetual Credit Income Trust has released its daily net tangible asset estimate of $1.096 per unit, calculated as at the close of business on 10 July 2026. This figure was sourced from Perpetual Investment Management Limited (PIML), appointed by Perpetual Trust Services Limited (PTSL) as the Trust’s manager. The company update clarifies that the NTA figure is unaudited and approximate, consistent with standard daily NTA estimates across Australia’s listed investment trust sector.

Daily NTA disclosures are a fundamental component of governance for listed trusts in Australia, offering unitholders and prospective investors a regular, publicly accessible reference point for the estimated intrinsic value of each unit. For the Perpetual Credit Income Trust, these updates enable the market to evaluate how the Trust’s per-unit NTA compares with its traded market price on the ASX, which may indicate a premium or discount at any time. This update did not include comparisons to previous NTA figures or the Trust’s current market price.

Trust Structure and the Roles of PIML and PTSL

Registered under ARSN 626 053 496, the Perpetual Credit Income Trust operates with a two-entity management framework. Perpetual Trust Services Limited, holding ABN 48 000 142 049 and Australian Financial Services Licence 236648, acts as the responsible entity and issuer of Trust units, bearing ultimate legal responsibility for operations, compliance, and reporting under Australian financial services legislation.

Perpetual Investment Management Limited, with ABN 18 000 866 535 and AFSL 234426, is appointed by PTSL to manage the Trust’s day-to-day activities, including calculating and providing the NTA figures for daily disclosure. Both entities are part of the broader Perpetual Group, defined as Perpetual Limited (ABN 86 000 431 827) and its subsidiaries. This corporate structure is essential for unitholders to understand the governance and oversight behind the Trust’s management and reporting.

Investment Focus and Return Generation of the Perpetual Credit Income Trust

The Perpetual Credit Income Trust is a listed investment trust prioritizing credit income as its primary investment goal. As indicated by its name, the Trust aims to generate income for unitholders through exposure to credit markets, including fixed income and credit-related securities. This places the Trust within the spectrum of income-focused listed investment vehicles available to Australian retail and wholesale investors on the ASX.

Credit income trusts like this typically seek to provide regular income distributions derived from interest and credit-related returns, while striving to preserve capital over time. The Trust’s NTA per unit is a key indicator of how well the portfolio maintains its underlying value. Investors generally focus on stable, income-oriented returns rather than capital growth, making the NTA figure and distribution history critical metrics. This update did not disclose distribution rates, portfolio composition, or yield data.

Understanding the Unaudited and Approximate Nature of the NTA Figures

The update explicitly states that the $1.096 per unit NTA figure is unaudited and approximate, a standard disclaimer for daily NTA disclosures within Australia’s listed trust sector. This reflects that daily valuations of credit portfolios involve estimates and may be revised. Unaudited figures lack independent verification at release and may differ from audited valuations found in periodic financial reports such as annual or half-year statements.

Investors should recognize that these approximate daily NTA estimates carry inherent uncertainty. Influences include timing of underlying securities pricing, foreign exchange fluctuations if applicable, accrued income, and other portfolio adjustments. The Trust affirms the information is believed accurate at compilation and provided in good faith, but no accuracy guarantee is made—standard practice for daily reporting.

Perpetual Group’s Liability Disclaimer and NTA Disclosure Limitations

The update includes a liability limitation notice stating that, to the extent permitted by law, no liability is accepted for losses or damages arising from reliance on the disclosed NTA information. Neither PTSL, PIML, nor any Perpetual Group company guarantees the Trust’s performance or returns. This clarification emphasizes the estimated and non-binding nature of the daily NTA disclosure.

Furthermore, the disclosure does not constitute an offer, invitation, solicitation, or recommendation regarding the purchase or sale of PCI units. It serves as general information only, with PIML and PTSL clarifying that it does not provide financial advice or consider individual investor circumstances, consistent with Australian financial services regulations.

Past Performance Disclaimer and Implications for PCI Investors

The update reiterates the standard regulatory warning that past performance does not predict future results, particularly relevant for credit income trusts influenced by credit market conditions, interest rates, and credit quality of holdings. Unitholders should consider this when evaluating the Trust’s historical NTA or distribution patterns as indicators of future performance.

For current and prospective investors, the daily NTA of $1.096 as at 10 July 2026 offers a snapshot of the Trust’s estimated asset value on that date. A comprehensive assessment requires review of distribution history, fees, portfolio makeup, and the Trust’s ASX market price—none of which were included in this announcement.

Disclosure Authorization and Trust Governance

The update confirms that Perpetual Investment Management Limited prepared the NTA data, with Perpetual Trust Services Limited authorizing its release as the responsible entity. This two-step process aligns with governance requirements for Australian listed managed investment schemes under the Corporations Act 2001.

PTSL holds legal responsibility to ensure market disclosures are accurate, timely, and comply with continuous disclosure obligations on the ASX. The routine daily NTA reporting supports these obligations by providing consistent, comparable data over time. Investors can access prior NTA disclosures via the ASX market announcements platform.

Share Price Impact and Investor Considerations for Upcoming Sessions

The immediate impact of this daily NTA disclosure on PCI’s share price was not evident from public sources. Such updates are routine for the Trust and typically do not trigger significant price movements unless the figure deviates materially from prior estimates or market expectations.

Investors monitoring PCI may focus on the relationship between the $1.096 per unit NTA and the Trust’s prevailing ASX market price, as persistent premiums or discounts can signal market sentiment about the Trust’s credit portfolio and income outlook. Future NTA releases, distribution announcements, or portfolio updates from PIML will be key milestones for unitholders. No forthcoming portfolio or distribution changes were indicated in this update.