Questions and Answers
Q&As | |
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Can you give me some background on the Ethane Pipeline Income Fund?
| The Fund has been operating since 2006 (previously Mariner Pipeline Income Fund). In December 2008, APA Ethane took on the role of responsible entity of the two trusts that comprise the Fund from Mariner Securities Limited, and with the retirement of Mariner Securities from that role, the Fund changed its name to Ethane Pipeline Income Fund. The Fund holds a single asset, the Ethane Pipeline, which transports ethane from the production fields in Moomba, South Australia, to Botany in Sydney. In 1996, the pipeline was built specifically to transport ethane to one customer in Botany, and has been in operation for these past 12 years. Ethane is used as feedstock for a chemical production process undertaken by Qenos at its Botany facility. Qenos has a long term contract until 2030 for the service of delivering ethane. |
What is the role of APA Ethane Limited (the Responsible Entity)? | APA Ethane Limited is the responsible entity for the Ethane Pipeline Income Trust and the Ethane Pipeline Income Financing Trust that comprise the Fund. It is a public company with an Australian financial services licence (AFSL) and the expertise, capacity and experience to operate the fund. |
| How will the fund be run? Will there be changes to the way the fund is run? | APA Ethane Limited intends to manage the assets of the Fund in materially the same manner as it has been previously managed. The maximum fees and expenses paid will not change in any material respect. APA Ethane has no current intention to do anything differently in respect of the operations of the fund or the ethane pipeline. APA Ethane does not intend that the Fund be a vehicle for assets other than the ethane pipeline. |
How do I find details of my investment in the paper or on the ASX? | The ASX stock code for Ethane Pipeline Income Fund (formerly Mariner Pipeline Income Fund) is EPX (formerly MIT). |
What are dates of payment? | Payments are made quarterly for the period ended;
Payments are generally made around the middle of the month following the end of the quarter.
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What distributions do you expect in the future? | The Fund has a distribution policy of paying distributions from available net cash flows. |
Where can I find updated information on the Ethane Pipeline Income Fund? | Future ASX announcements and Fund news will be made available on this website. |