Perpetual Credit Income Trust Reports Stable Net Tangible Asset Per Unit at $1.097 on 16 July 2026

Overview of Perpetual Credit Income Trust’s Governance and Operational Structure

Perpetual Credit Income Trust operates under a managed investment scheme framework, with governance responsibilities divided between two Perpetual entities. Perpetual Trust Services Limited (PTSL), holding the responsible entity licence (AFSL 236648), acts as issuer and trustee of the trust. The trust is registered with the Australian Register of Managed Investments under ARSN 626 053 496, ensuring a regulated environment for investors. This dual-entity model, where PTSL oversees regulatory and trustee duties and Perpetual Investment Management Limited (PIML) manages investment operations, exemplifies industry best practices in fund governance.

Perpetual Investment Management Limited, licensed under AFSL 234426, is appointed by PTSL to handle the trust’s investment strategies and daily decision-making. The company update confirms that PIML is responsible for calculating the daily NTA estimates and managing the trust’s credit-focused portfolio. This separation of trustee and investment management roles enhances governance transparency and investor confidence. The trust’s office is located at Angel Place, Level 14, 123 Pitt Street, Sydney, within the broader Perpetual Group corporate structure.

Current Net Tangible Asset Valuation and Its Significance for Investors

As of the close of business on 16 July 2026, the daily NTA per unit stands at $1.097, based on calculations by Perpetual Investment Management Limited. This figure reflects the estimated underlying value attributable to each unit and serves as a key reference for unitholders evaluating their investment worth. The announcement clearly states that this valuation is unaudited and approximate, consistent with standard practice for daily NTA reporting which provides investors with frequent valuation updates. Recognising the difference between daily estimates and formally audited valuations is essential for informed investment decisions.

Regular daily NTA updates enable investors in the Perpetual Credit Income Trust to monitor fluctuations in their investment value, offering transparency on how credit market dynamics and portfolio performance influence unit prices. Given the trust’s credit income focus, valuation is affected by credit spreads, interest rate changes, default risks, and income distributions from underlying fixed-income securities. The company stresses the importance of consulting financial advisers before making investment choices, underscoring that NTA figures should be interpreted within the context of personal investment goals and circumstances.

Perpetual Investment Management’s Role in Valuation and Portfolio Oversight

Perpetual Investment Management Limited is tasked with preparing and certifying the daily NTA estimates released to the market. Holding an AFSL tailored for this role, PIML ensures that valuation methodologies are consistent, appropriate, and reflective of prevailing market conditions impacting the trust’s portfolio. Attribution of the NTA figure to PIML confirms the investment manager’s responsibility for these calculations, with the usual caveats regarding their unaudited and approximate nature. This daily valuation process is central to the trust’s operational management and ongoing portfolio performance monitoring.

Beyond calculating unit values, PIML manages daily investment decisions, risk oversight, and operational administration that sustain the trust’s functionality as an investment vehicle. The appointment of PIML by PTSL combines specialist investment expertise with trustee governance, delivering a robust framework for managing the Perpetual Credit Income Trust.

Perpetual Group’s Extensive Role in Australian Financial Services

The Perpetual Credit Income Trust is part of the wider Perpetual Group, anchored by Perpetual Limited (ABN 86 000 431 827) and encompassing multiple subsidiaries and licensed entities. The group’s involvement extends beyond investment management and trustee roles, underpinning the trust’s governance and operational framework. The announcement highlights that various Perpetual companies specialise in distinct functions, including trustee services, investment management, and other financial operations.

With decades of presence in Australian financial markets, the Perpetual Group manages significant assets and serves diverse investor segments. The credit income strategy of this trust is one among several product offerings within the group’s portfolio, providing investors access to specialist fixed-income management. The group’s extensive experience supports the regulatory compliance and operational integrity of the Perpetual Credit Income Trust.

Credit Income Strategy and Fixed-Income Market Context in 2026

The Perpetual Credit Income Trust’s credit income strategy aims to generate returns through exposure to credit securities and fixed-income instruments. As of mid-2026, fixed-income markets encompass corporate bonds, securitised assets, and other debt instruments offering regular income distributions. The trust’s valuation is influenced by credit spreads, interest rates, default risks, and income generation. The daily NTA valuation enables investors to track how evolving credit market conditions impact their investment value.

Credit income strategies typically balance yield generation with capital preservation, targeting investors seeking steady distributions alongside potential capital stability. The trust’s daily-valued managed fund structure offers investors liquidity and flexibility not always available in alternative fixed-income products. The 2026 market environment includes factors such as economic growth, inflation outlook, central bank policies, and credit market health, all relevant to the trust’s performance.

Important Disclaimers and Limitations Regarding NTA Information

The company update includes critical disclaimers about the use and interpretation of the NTA estimate. It clarifies that the information is general in nature and not financial advice, not accounting for individual investment objectives, tax situations, or financial needs. Investors are urged to seek advice from financial professionals before making decisions based on this data. These disclaimers comply with the Corporations Act and industry best practices, ensuring investors understand the limitations of the information provided.

The announcement further states that it does not constitute an offer, invitation, solicitation, or recommendation to buy or sell PCI units. To the extent permitted by law, no liability is accepted for losses arising from reliance on this information. The notice that past performance is not indicative of future results warns investors against assuming historical trends will persist. Additionally, Perpetual Group companies do not guarantee investment returns, highlighting inherent market risks.

Unaudited Nature of Daily NTA and the Need for Continuous Monitoring

A key point in the update is that the NTA figure is unaudited and approximate. Daily valuations are prepared promptly to provide timely investment value information, but comprehensive audits cannot be performed daily. The $1.097 per unit figure represents the best available estimate as of 16 July 2026’s close rather than a definitive audited value. Investors should consider this distinction and anticipate more formal valuations during monthly or annual financial reporting periods.

The routine release of daily NTA estimates offers ongoing transparency despite the unaudited status of each figure. This approach balances investor demand for frequent updates with practical constraints of audit processes. Investors should view daily NTA figures as directional indicators of value changes rather than absolute valuations. Attribution to Perpetual Investment Management Limited confirms professional oversight of these estimates, subject to stated qualifications.

Investor Guidance and Access to Ongoing Information

Investors in Perpetual Credit Income Trust can expect regular NTA updates as part of the trust’s standard operations. The daily availability of these estimates enables investors to track their holdings’ value frequently. Future communications will maintain consistent formats and disclaimers, ensuring reliable information flow. The trust’s office at Angel Place, Level 14, 123 Pitt Street, Sydney serves as a contact point for further inquiries or documentation requests.

Those seeking deeper insight into the trust’s investment strategy, portfolio details, distributions, or related matters are encouraged to contact Perpetual Trust Services Limited or consult their financial advisers. While the regular NTA disclosures support informed decision-making, they should be considered alongside comprehensive information about the trust’s performance and strategy. The update reiterates the importance of personalised financial advice to align investment actions with individual circumstances and objectives.