US MASTERS RESIDENTIAL PROPERTY FUND — Net Asset Value 2017

Jun 27, 2017

28 June 2017

ASX Code: URF US Masters Residential Property Fund (Fund) Net Asset Value as at 23 June 2017

The weekly estimated unaudited pre-tax net asset value before withholding tax on unpaid distributions as at 23 June 2017 was $1.76* per unit.

The Fund is a long-term investor and does not intend to dispose of its total portfolio. If estimated tax at 35% on unrealised portfolio gains or losses were recognised, the weekly estimated unaudited post tax net asset value before withholding tax on unpaid distributions as at 23 June 2017 would be $1.53* per unit.

These estimates may not take into account all intra-month accruals, which are incorporated in the monthly NTA updates.

For further information, contact:

Alex MacLachlan 1300 454 801

*Source: Walsh & Company Investments Limited – the historical performance is not a guarantee of the future performance of the Portfolio or the Fund.

US Masters Residential Property Fund is the first Australian-listed entity with the primary strategy of investing in the US residential property market. Its portfolio comprises freestanding and multi-dwelling properties in the New York metropolitan area.