Your chance to access income from Commercial Real Estate Debt

Since listing in November 2018, the Qualitas Real Estate Income (ASX:QRI) (the "Trust) has offered monthly income*, capital preservation and diversification by investing in a portfolio of commercial real estate loans secured by first and second mortgages, predominantly located in Australia.

Key benefits:

· Targeted stable monthly cash income*

· Portfolio diversification

· Capital preservation focus

You are invited to invest in the Trust through a $266 million Accelerated Non-Renounceable Entitlement Offer (“Offer”) as part of the Shortfall Offer.

The Shortfall Offer is contained in a product disclosure statement dated 11 September 2019 (PDS) and available here. You should consider the PDS in deciding whether to acquire, or continue to hold, units in the Trust.

The Entitlement Offer closes on the 8^th October, so find out more now

*The payment of monthly cash income is a goal of the Trust only.

Disclaimer

The document relates to a potential offer by The Trust Company (RE Services) Limited ABN 45 003 278 831 AFSL 235 150 (Perpetual) as responsible entity of the Qualitas Real Estate Income Fund ARSN 627 917 971 (Trust) of new units in the Trust pursuant to a placement to Australian ‘professional investors’ and ‘sophisticated investors’ who are also ‘wholesale clients’ as those terms are defined in the Corporations Act 2001 (Cth) (Corporations Act). This document has been prepared by QRI Manager Pty Ltd ACN 625 857 070 (Manager), the investment manager of the Trust. QRI Manager Pty Ltd is a wholly owned member of the Qualitas Group and is an authorised representative of the Qualitas Securities Pty Ltd AFSL 342 242.

The information provided in this document is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Units in the Trust will be issued without disclosure to investors under a PDS pursuant to section 1012DA of the Corporations Act. Before making an investment decision, you should consider this document carefully and in full and assess whether the Trust is appropriate given your objectives, financial situation or needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser.

Neither Perpetual nor the Manager guarantees repayment of capital or any particular rate of return from the Trust. Neither Perpetual nor the Manager gives any representation or warranty as to the reliability, completeness or accuracy of the information contained in this document and prospective investors are cautioned not to place undue reliance on any forward looking statements, forecasts or targets contained in this document. All opinions and estimates included in this document constitute judgments of Qualitas as at the date of this document and are subject to change without notice. Past performance is not a reliable indicator of future performance.

The information contained in this document is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. Please note that, in providing this document, none of Perpetual, the Trust, the Manager nor any member of the Qualitas Group of entities (together the Relevant Parties) have considered the objectives, financial position or needs of any particular recipient. The Relevant Parties strongly suggests that investors consult a financial advisor prior to making an investment decision.

This document may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the express consent of the Relevant Parties.

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this document. To the maximum extent permitted by law, none of Relevant Parties, their related bodies corporate, shareholders or respective directors, officers, employees, agents or advisors, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence for any loss arising from the use of information contained in this document.

This document includes “forward looking statements”. Such forward- looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Relevant Parties and their officers, employees, agents or associates that may cause actual results to differ materially from those expressed or implied in such statement. Actual results, performance or achievements may vary materially from any projections and forward looking statements and the assumptions on which those statements are based. Past performance is not a reliable indicator of future performance. The Relevant Parties assume no obligation to update such information.

This document is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to purchase any securities and neither this document nor anything contained in it forms the basis of any contract or commitment.