Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

HDN/AVN Merger & Potential ASX200 Inclusion in March (Or Earlier)

Crown Resorts (CWN AU): And Blackstone (Almost) Has It; Index Implications

ASX200 Index Rebalance: HDN AU Inclusion Is a Matter of Time (Or Timing)

FTSE EPRA NAREIT - Potential Inclusions Outperforming as Entry Thresholds Are Lowered

FTSE EPRA NAREIT - Lots of Adds In Developed Asia

HomeCo Daily Needs REIT (HDN AU): Perfectly Timed Placement to Offset Index Inflows

ASX100/200/300 Index Rebalance Preview: Big Impact & Large Shorts

Event-Driven

Earlier today, <a href="https://www.smartkarma.com/entities/homeco-daily-needs-reit" target="_blank" data-smartkarma-citation="entities:33526:1" rel="noopener">HomeCo Daily Needs REIT (HDN AU)</a> and <a href="https://www.smartkarma.com/entities/home-consortium-ltd" target="_blank" data-smartkarma-citation="entities:29082:1" rel="noopener">Home Consortium Ltd (HMC AU)</a> announced that they had entered into a binding Scheme Implementation Deed (SID) with <a href="https://www.smartkarma.com/entities/aventus-group" target="_blank" data-smartkarma-citation="entities:25897:1" rel="noopener">Aventus Group (AVN AU)</a> to acquire all Aventus Group securities via Schemes of Arrangement.Under the Merger, for each share of AVN held, <a href="https://www.smartkarma.com/entities/aventus-group" target="_blank" data-smartkarma-citation="entities:25897:1" rel="noopener">Aventus Group (AVN AU)</a> securityholders will receive 2.2 units of <a href="https://www.smartkarma.com/entities/homeco-daily-needs-reit" target="_blank" data-smartkarma-citation="entities:33526:1" rel="noopener">HomeCo Daily Needs REIT (HDN AU)</a> and a choice of A$0.285 or 0.038 <a href="https://www.smartkarma.com/entities/home-consortium-ltd" target="_blank" data-smartkarma-citation="entities:29082:1" rel="noopener">Home Consortium Ltd (HMC AU)</a> securities. This has an implied value of A$3.816/AVN security and is a 15.3% premium to the last close.The Merger will create Australia's leading Daily Needs REIT with a portfolio value of A$4.1bn. <a href="https://www.smartkarma.com/entities/homeco-daily-needs-reit" target="_blank" data-smartkarma-citation="entities:33526:1" rel="noopener">HomeCo Daily Needs REIT (HDN AU)</a> holders will have an FY22 FFO/unit accretion of 4% and <a href="https://www.smartkarma.com/entities/aventus-group" target="_blank" data-smartkarma-citation="entities:25897:1" rel="noopener">Aventus Group (AVN AU)</a> holders will have an accretion of 3.9%.The first court hearing is expected to take place in mid December and the implementation is expected to take place in mid February 2022.The combined entity will have a proforma market cap of A$3.2bn and will easily make the cut of inclusion in the <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX 200 (AS51 INDEX)</a>. Inclusion could take place at the rebalance in March 2022.

Earlier today, HomeCo Daily Needs REIT (HDN AU) and Home Consortium Ltd (HMC AU) announced that they had entered into a binding Scheme Implementation Deed (SID) with Aventus Group (AVN AU) to acquire all Aventus Group securities via Schemes of Arrangement.Under the Merger, for each share of AVN held, Aventus Group (AVN AU) securityholders will receive 2.2 units of HomeCo Daily Needs REIT (HDN AU) and a choice of A$0.285 or 0.038 Home Consortium Ltd (HMC AU) securities. This has an implied value of A$3.816/AVN security and is a 15.3% premium to the last close.The Merger will create Australia's leading Daily Needs REIT with a portfolio value of A$4.1bn. HomeCo Daily Needs REIT (HDN AU) holders will have an FY22 FFO/unit accretion of 4% and Aventus Group (AVN AU) holders will have an accretion of 3.9%.The first court hearing is expected to take place in mid December and the implementation is expected to take place in mid February 2022.The combined entity will have a proforma market cap of A$3.2bn and will easily make the cut of inclusion in the S&amp;P/ASX 200 (AS51 INDEX). Inclusion could take place at the rebalance in March 2022.

HomeCo Daily Needs REIT's Merger with Aventus Group to Create New ASX200 Inclusion