Perpetual Credit Income Trust (PCI) Investor Presentation summary

Offer structure and capital raising

• Pro-rata non-renounceable entitlement offer of 1 new unit for every 2 existing units, with a top-up facility and shortfall offer to raise A$267m, not underwritten.

• Offer price set at $1.10 per unit, a 9.1% discount to the closing share price and equal to NTA per unit as of 6 November 2025.

• New units will rank equally with existing units and be eligible for future distributions.

• Proceeds will be used to pursue additional investments aligned with the investment strategy.

• Joint Lead Manager and legal fees up to $5.74m will be paid by the Manager.

Timetable and participation

• Key dates: announcement and opening on 10 November 2025, record date 13 November, closing 27 November, results 1 December, and trading of new units from 3 December.

• No brokerage or transaction costs for participants in the entitlement offer.

• All new units eligible for December 2025 and future monthly distributions.

Investment strategy and portfolio

• Aims to provide monthly income by investing in a diversified pool of credit and fixed income assets, targeting RBA Cash Rate +3.25% p.a. (net of fees).

• Portfolio typically holds 50-100 assets, with 30-100% investment grade and up to 70% sub-investment grade or unrated assets.

• As of 31 October 2025: 160 holdings across 94 issuers, 3.2 years weighted average life, 6.9% running yield, and 35 days interest rate duration.

• Portfolio is well-diversified by sector, credit rating, maturity, and currency, with 91.2% in AUD and 75.5% of issuers domiciled in Australia.