Perpetual Credit Income Trust Announces Daily Net Tangible Asset Value of $1.096 Per Unit as of 13 July 2026

Perpetual Credit Income Trust Reports $1.096 Daily NTA Per Unit on 13 July 2026

The Perpetual Credit Income Trust disclosed a net tangible asset value of $1.096 per unit as at the close of business on 13 July 2026. This valuation was sourced from Perpetual Investment Management Limited (PIML), the Trust’s appointed manager, and authorised for release by Perpetual Trust Services Limited (PTSL), the Trust’s responsible entity and issuer. The NTA figure is unaudited and approximate, consistent with standard daily NTA reporting practices for Australian listed managed investment schemes.

Daily NTA disclosures like this one fulfill transparency requirements for listed investment trusts and managed funds on the ASX, enabling unitholders and potential investors to assess how the market price of units compares to the Trust’s estimated underlying portfolio value on a daily basis. The reported $1.096 NTA per unit reflects the Trust’s portfolio valuation at the end of the trading day. No detailed breakdown of the Trust’s underlying assets or individual portfolio movements was provided in this update.

Trust Structure and Roles of Perpetual Trust Services Limited and Perpetual Investment Management Limited

The Perpetual Credit Income Trust operates under ARSN 626 053 496 as a managed investment scheme. Perpetual Trust Services Limited, holding AFSL number 236648 and ABN 48 000 142 049, serves as the responsible entity and unit issuer. PTSL is responsible for regulatory compliance and governance under Australian financial services law. The Trust is part of the Perpetual Group, which includes Perpetual Limited (ABN 86 000 431 827) and its subsidiaries.

Perpetual Investment Management Limited (ABN 18 000 866 535, AFSL 234426) is appointed by PTSL to manage the Trust’s investments daily and is the source of the published NTA figures. This separation between responsible entity and investment manager is typical for Australian listed managed investment schemes, providing governance and accountability between trustee and asset management functions.

Investment Focus and Income Generation of the Perpetual Credit Income Trust

As indicated by its name, the Perpetual Credit Income Trust focuses on the credit income sector. Its investment mandate targets income generation through credit market exposure, typically by holding fixed income and credit instruments such as corporate bonds, floating rate notes, and asset-backed securities. These assets produce regular interest income, which is distributed to unitholders, appealing to investors seeking income-generating opportunities in the current interest rate environment.

This update does not disclose detailed portfolio composition, individual holdings, sector allocations, or income distribution data. For comprehensive information on investment strategy, portfolio construction, and income history, investors should consult the Trust’s product disclosure statement, periodic reports, or other communications from Perpetual Investment Management Limited and Perpetual Trust Services Limited.

Interpreting the $1.096 NTA Per Unit in Relation to the Trust’s Investment Goals

The reported NTA per unit of $1.096 as at 13 July 2026 provides a benchmark for investors to compare against the current market price of PCI units. Listed managed investment schemes like the Perpetual Credit Income Trust often trade at premiums or discounts relative to their NTA. This price-to-NTA relationship is a key metric indicating whether the market values the Trust’s portfolio above or below its estimated net asset value.

The immediate impact of this NTA disclosure on PCI’s share price was not publicly available. Whether PCI units traded at a premium or discount to the $1.096 NTA at the time depends on prevailing ASX market prices, which fluctuate based on supply and demand. Investors are advised to monitor daily NTA updates alongside live unit prices to assess the Trust’s valuation accurately.

Perpetual Group’s Governance and Oversight Role

The Perpetual Credit Income Trust operates within the governance framework of the Perpetual Group, which includes Perpetual Limited and its subsidiaries. Perpetual Limited is a prominent Australian financial services firm with extensive experience in funds management, trustee services, and financial advice. This institutional backing ensures robust management, regulatory compliance, risk oversight, and investor reporting for the Trust.

The update clarifies that neither PTSL, PIML, nor any Perpetual Group entity guarantees the Trust’s performance or any investment returns. This standard disclosure reminds investors that despite professional management, credit income trusts carry market risks, and returns are not assured. The governance structure, with PTSL as responsible entity and PIML as manager, aims to provide transparency and accountability to unitholders.

Purpose and Frequency of Daily NTA Disclosures for Listed Income Trusts Like PCI

Listed managed investment schemes holding assets with readily available market pricing are generally required to provide frequent NTA updates to keep investors informed about changes in underlying asset values. For the Perpetual Credit Income Trust, daily NTA estimates offer timely transparency, enabling investors and market participants to make informed decisions on any trading day. This daily disclosure distinguishes listed managed investment schemes from other investment vehicles.

The disclosure is presented as general information and does not constitute financial advice. It is not an offer, solicitation, or recommendation to buy or sell PCI units. Such disclaimers are standard in NTA releases to comply with regulatory obligations, ensuring factual market information is provided without personal financial advice. Investors should consider their circumstances and seek independent advice before making investment decisions based on NTA data.

Risks Associated with Investing in the Perpetual Credit Income Trust

As a credit-focused managed investment scheme, the Perpetual Credit Income Trust faces risks related to credit markets, including interest rate changes, credit spread fluctuations, issuer defaults, and macroeconomic shifts. Deterioration in credit quality or widening credit spreads can adversely affect the Trust’s NTA and income generation.

The update emphasizes that past performance does not predict future results and no guarantees are made by PTSL, PIML, or Perpetual Group members regarding returns. The disclosed NTA figures are unaudited and approximate, subject to revision, and should not be considered definitive valuations. Investors should weigh these uncertainties and the inherent risks of credit income investing before making decisions.

Investor Actions Following the 13 July 2026 NTA Update

After the release of the $1.096 NTA per unit on 13 July 2026, investors may compare this figure to the Trust’s ASX unit price to identify any premium or discount. Persistent discounts might attract value investors, while premiums may raise questions about market pricing relative to portfolio risk. Tracking daily NTA trends can also provide insights into the Trust’s credit portfolio performance over time.

Investors may anticipate future periodic reports, distribution announcements, or portfolio updates from Perpetual Investment Management Limited for more detailed insights into holdings, income, and strategy. The next significant event would likely be a formal distribution or financial report offering a broader view of the Trust’s performance. This update did not mention any forthcoming announcements.