A ‘Micro-Share’ is a term we use to describe an interest in a managed investment scheme known as MyRacehorse No 1 (ARSN 646 771 262) (‘Scheme’).  The Scheme is registered with the Australian Securities and Investments Commission and is structured as a multi-class unit trust. Each kind of Micro-Share corresponds with a class of units in the Scheme.  The Scheme is operated by Sire Custodians Ltd (ACN 005 088 371, AFSL number 223671) as responsible entity of the Scheme (‘Responsible Entity’). MyRacehorse Pty Ltd (ACN 643 461 590) (‘MyRacehorse’) is the investment manager and promoter of the Scheme. MyRacehorse is an authorised representative of the Responsible Entity (AFS representative number 001284902) for the purposes of providing certain financial services in connection with the Scheme.

The Responsible Entity issues units in the Scheme in accordance with the terms of the Scheme constitution and the relevant Product Disclosure Statement.  As explained in each Product Disclosure Statement for each class of Micro-Shares, units in the Scheme are issued on the basis that investors pay, at the time of application, a subscription amount covering the subscription price for the units as well as an amount for scheme levies and horse-related levies for the intended initial investment period of the relevant class.  While the Responsible Entity has a right to raise additional scheme levies or horse-related levies during the term of the Scheme, the Responsible Entity does not intend to do so for the intended initial investment period of the relevant class set out in the relevant Product Disclosure Statement. Accordingly, it is intended that investors only pay one upfront amount in connection with the acquisition and holding of Micro-Shares, without being required to contribute further amounts. To understand fully the upfront and on-going fees and costs arrangements in respect of each class of Micro-Shares, including circumstances in which investors may need to pay any further levies, each investor should read the Product Disclosure Statement for the relevant Micro-Shares before investing in the Scheme.

The information provided on this website about the Micro-Shares offered for acquisition by investors is general information only and has been prepared by MyRacehorse without taking into account any particular person’s objectives, financial situation or needs. Accordingly, each investor should, before acting on any such information, consider its appropriateness, having regard to their own objectives, financial situation and needs. Each investor should obtain and consider the Product Disclosure Statement and Target Market Determination for the relevant Micro-Shares they are interested in acquiring before making a decision about whether to acquire (or continue to hold) the relevant Micro-Shares. Investments in the Scheme are speculative in nature and a unit holder may lose some or all of their investment. Before investing in the Scheme, each investor should consider obtaining professional advice.

A copy of the relevant Product Disclosure Statement and Target Market Determination for the Micro-Shares can be obtained on the webpage for the relevant class of Micro-Shares.