22 July 2020 KM Property Funds, the Responsible Entity of Thynne Street Property Fund (Fund) is pleased to announce today that the Fund recently closed, fully subscribed. Launched in April, the Fund received strong support from investors and financial advisers and had successfully allocated the full amount of $24.3 million in investor capital by the end of May, well ahead of the target close date. Managing Director, Mario Papaleo, said: “We are delighted with this significant result, especially during a time of great uncertainty because of the COVID-19 pandemic. The strong support is evidence that investors and advisers shared our confidence in the Fund. They recognised the quality of the property and the long-term security of the lease to the Australian Institute of Health and Welfare, a statutory agency of the Commonwealth Government of Australia.” Income distributions The Fund will pay its first distribution to investors on 7 August 2020, at the rate of 7.0% pa pro-rata; the payment will be for the quarter ended 30 June 2020. The Fund is forecast to pay distributions quarterly at the rate of 7.1% p.a. for the financial year 2021. Other insights Resignation of Director - Nick Stretch The Board of KM Property Funds (‘KMPF’) wishes to advise that Mr. Nick Stretch is resigning as Director of KMPF effective 31 December 2024. KM Property Funds divests in Adelaide for significant returns KM Property Funds divests in Adelaide for significant returns, delivering investors a 27% premium to the original target returns at the commencement of the investment.