Challenger Capital Notes 2 (ASX Code CGFPB) are no longer trading and were removed from official quotation on the ASX at the close of trade on 22 May 2023.
On 7 March 2023, Challenger announced the offer of Challenger Capital Notes 4 (the Offer). The Offer included a reinvestment offer for certain eligible Challenger Capital Notes 2 Holders to reinvest the proceeds of sale of their Challenger Capital Notes 2 into Challenger Capital Notes 4 (Reinvestment CCN2). A copy of the market announcement regarding the Offer can be accessed below.
On 5 April 2023, Challenger announced that it had completed the Offer and issued $350 million of Challenger Capital Notes 4. Challenger further announced that approximately 2.24 million Reinvestment CCN2 were repurchased for $100 each by the Challenger Capital Notes 2 nominated purchaser (CCN2 Nominated Purchaser). Challenger redeemed all Reinvestment CCN2 in the hands of the CCN2 Nominated Purchaser by payment to the CCN2 Nominated Purchaser of an amount equal to the total face value in respect of the Reinvestment CCN2. Following the completion of the reinvestment offer, approximately $236 million of Challenger Capital Notes 2 remained on issue.
On 5 April 2023, Challenger also issued a redemption notice in accordance with the terms of Challenger Capital Notes 2, confirming that on 22 May 2023, all outstanding Challenger Capital Notes 2 will be redeemed by Challenger for their face value of $100 per Challenger Capital Note 2.
On 22 May 2023, all outstanding Challenger Capital Notes 2 were redeemed for $100 per Challenger Capital Note 2, in accordance with the Challenger Capital Notes 2 terms. In addition, a final fully franked Distribution of $0.71 per Challenger Capital Note 2 was paid on 22 May 2023 to those persons who were registered holders of Challenger Capital Notes 2 on the record date of 12 May 2023.
The market announcements regarding the issuance of Challenger Capital Notes 4 and the redemption notice for Challenger Capital Notes 2 can be accessed below.
Market announcement – Challenger Launches Challenger Capital Notes 4 Offer
Market announcement – Challenger issues Challenger Capital Notes 4
Market announcement – Challenger Capital Notes 2 redemption notice
Distributions
The history of the Distribution payments made on Challenger Capital Notes 2 is provided in the table below.| Ex-date | Record date | Payment date | Distribution |
|---|---|---|---|
| 11/05/2023 | 12/05/2023 | 22/05/2023 | $0.71 |
| 27/03/2023 | 28/03/2023 | 05/04/2023 | $0.64 |
| 13/02/2023 | 14/02/2023 | 22/02/2023 | $1.32 |
|
11/11/2022 |
14/11/2022 | 22/11/2022 | $1.19 |
| 11/08/2022 | 12/08/2022 | 22/08/2022 | $0.95 |
| 12/05/2022 |
13/05/2022 |
23/05/2022 |
$0.77 |
| 11/02/2022 | 14/02/2022 | 22/02/2022 | $0.78 |
| 11/11/2021 |
12/11/2021 |
22/11/2021 |
$0.77 |
| 12/08/2021 | 13/08/2021 | 23/08/2021 | $0.77 |
| 13/05/2021 |
14/05/2021 |
24/05/2021 |
$0.77 |
| 11/02/2021 | 12/02/2021 | 22/02/2021 | $0.77 |
| 12/11/2020 | 13/11/2020 | 23/11/2020 | $0.79 |
| 13/08/2020 | 14/08/2020 |
24/08/2020 |
$0.81 |
| 13/05/2020 | 14/05/2020 | 22/05/2020 | $0.89 |
| 13/02/2020 | 14/02/2020 |
24/02/2020 |
$0.95 |
| 13/11/2019 | 14/11/2019 | 22/11/2019 | $0.95 |
| 13/08/2019 | 14/08/2019 | 22/08/2019 | $1.04 |
| 13/05/2019 | 14/05/2019 | 22/05/2019 | $1.07 |
| 13/02/2019 |
14/02/2019 |
22/02/2019 |
$1.12 |
| 13/11/2018 | 14/11/2018 | 22/11/2018 | $1.12 |
| 13/08/2018 | 14/08/2018 | 22/08/2018 | $1.12 |
| 11/05/2018 | 14/05/2018 | 22/05/2018 | $1.05 |
| 13/02/2018 | 14/02/2018 | 22/02/2018 | $1.08 |
| 13/11/2017 | 14/11/2017 | 22/11/2017 | $1.08 |
| 11/08/2017 | 14/08/2017 | 22/08/2017 | $1.63 |
| Payment date |
Franked amount | Unfranked amount | Franking credits |
|---|---|---|---|
| 22/05/2023 | $0.71 | $0.00 | $0.30428571 |
| 05/04/2023 | $0.64 | $0.00 | $0.27428571 |
| 22/02/2023 | $1.32 | $0.00 | $0.56571428 |
| 22/11/2022 | $1.19 | $0.00 | $0.51000000 |
| 22/08/2022 | $0.95 | $0.00 | $0.40714285 |
| 23/05/2022 |
$0.77 |
$0.00 |
$0.33000000 |
| 22/02/2022 | $0.78 |
$0.00 | $0.33428571 |
| 22/11/2021 |
$0.77 |
$0.00 |
$0.33000000 |
| 23/08/2021 | $0.77 | $0.00 | $0.33000000 |
| 24/05/2021 |
$0.77 |
$0.00 |
$0.33000000 |
| 22/02/2021 | $0.77 | $0.00 | $0.33000000 |
| 23/11/2020 |
$0.79 |
$0.00 |
$0.33857142 |
| 24/08/2020 |
$0.81 |
$0.00 |
$0.34714285 |
| 22/05/2020 | $0.89 | $0.00 | $0.38142857 |
| 24/02/2020 |
$0.95 | $0.00 |
$0.40714285 |
| 22/11/2019 | $0.95 | $0.00 | $0.40714285 |
| 22/08/2019 | $1.04 | $0.00 | $0.44571428 |
| 22/05/2019 | $1.07 | $0.00 | $0.45857142 |
| 22/02/2019 | $1.12 | $0.00 | $0.48000000 |
| 22/11/2018 |
$1.12 |
$0.00 |
$0.48000000 |
| 22/08/2018 |
$1.12 | $0.00 | $0.48000000 |
| 22/05/2018 |
$1.05 | $0.00 |
$0.45000000 |
| 22/02/2018 |
$1.08 | $0.00 |
$0.46285714 |
| 22/11/2017 |
$1.08 | $0.00 |
$0.46285714 |
| 22/08/2017 |
$1.63 | $0.00 |
$0.69857142 |
Further information
Full terms and details of Challenger Capital Notes 2 are available in the Prospectus dated 8 March 2017.Contact details for share registry
To assist with enquiries please quote your current address and Security Reference Number (SRN) or Holder Identification Number (HIN).
Telephone:
1800 780 782 (within Australia)
+61 3 9415 4065 (outside Australia)
Computershare Investor Services Pty Limited
6 Hope Street
Ermington NSW 2115
Notes are not guaranteed or secured, and are not policy liabilities of Challenger Life Company, Challenger Limited, or any other member of the Challenger Group.