Perpetual Credit Income Trust Reports Net Tangible Asset Value of $1.097 Per Unit as at 29 June 2026

PCI’s Daily NTA Estimate of $1.097 Per Unit as at 29 June 2026

Perpetual Credit Income Trust has published its daily net tangible asset estimate, confirming a per-unit NTA of $1.097 as at the close of business on 29 June 2026. The figure has been sourced from Perpetual Investment Management Limited and is described in the company update as unaudited and approximate. This means the value is subject to revision and should not be treated as a finalised or audited account of the trust’s Assets.

Daily NTA disclosures are a standard requirement for listed investment trusts and funds of this nature, providing the market with a consistent, transparent reference point for the underlying value of trust assets. For a credit income trust such as PCI, the NTA reflects the estimated value of the fixed income and credit instruments held within the portfolio on any given business day. The $1.097 figure represents the trust’s asset backing per unit at this particular point in time.

What the $1.097 NTA Figure Means for Perpetual Credit Income Trust Unitholders

The NTA per unit is a key metric for investors in listed trusts and managed funds, as it provides a reference point against which the trust’s Market Price can be compared. When a trust trades at a discount to its NTA, units are changing hands for less than the estimated underlying asset value; when it trades at a premium, the market price exceeds that estimated value. Investors often monitor the NTA-to-market-price relationship as part of their assessment of relative value.

For income-focused investors in PCI, the stability or movement of the NTA over time may also provide signals about the health of the underlying credit portfolio. The company did not disclose any commentary on portfolio composition changes, distribution guidance, or factors influencing the NTA figure in this particular company update. Unitholders seeking a fuller picture of portfolio positioning are encouraged to review prior trust updates, product disclosure statements, and any supplementary communications from Perpetual Investment Management Limited.

Role of Perpetual Investment Management Limited as Trust Manager

The NTA estimate has been prepared by Perpetual Investment Management Limited, which holds an Australian Financial Services Licence (AFSL 234426) and operates under ABN 18 000 866 535. PIML has been appointed by Perpetual Trust Services Limited to act as the manager of the Perpetual Credit Income Trust, meaning it is responsible for the day-to-day investment decisions and Portfolio Management activities that determine the trust’s NTA over time.

PIML is a Subsidiary within the broader Perpetual Group, which is anchored by Perpetual Limited (ABN 86 000 431 827). The Perpetual Group encompasses Perpetual Limited and its subsidiaries, collectively providing the operational and governance infrastructure supporting the trust. Investors should note that neither PTSL, PIML, nor any entity within the Perpetual Group guarantees the performance of the trust or any Return on Investment, as stated in the company update.

Perpetual Trust Services Limited’s Responsibilities as Responsible Entity

Perpetual Trust Services Limited, operating under ABN 48 000 142 049 and AFSL 236648, serves as the responsible entity and issuer of the Perpetual Credit Income Trust (ARSN 626 053 496). In this role, PTSL holds the legal and regulatory obligations associated with operating a registered managed investment scheme in Australia. It is PTSL that authorised this latest company update for release to the market.

The responsible entity structure is a core feature of Australian managed investment schemes under the Corporations Act. As responsible entity, PTSL is accountable to unitholders for the trust’s compliance with its constitution, the Corporations Act, and applicable ASIC requirements. The appointment of PIML as investment manager represents a delegation of portfolio management functions, while PTSL retains overarching governance and legal responsibility for the trust’s operations.

Understanding the Unaudited and Approximate Nature of Daily NTA Disclosures

It is important for investors to understand that the $1.097 NTA figure disclosed in this company update is explicitly described as unaudited and approximate. Daily NTA estimates for credit income trusts are typically calculated using the most recent available pricing for the underlying securities, which may include bonds, loans, notes, and other fixed income instruments that can be subject to intraday or end-of-day pricing variations.

Because credit instruments — particularly those in less liquid segments of the market — may not have continuously updated market prices, the NTA calculation at any given point incorporates pricing estimates and valuations that have not been subjected to a formal audit process. Investors should therefore treat the daily NTA as a directional indicator rather than a precise or guaranteed statement of value. The trust’s formal financial statements, when released, will provide audited figures that carry a higher degree of certainty.

Perpetual Credit Income Trust’s Focus on Credit Income Strategies

The Perpetual Credit Income Trust is structured as a listed investment trust providing investors with exposure to a diversified portfolio of credit and fixed income assets. Credit income trusts of this type typically invest across a range of Debt instruments, which may include investment grade corporate bonds, floating rate notes, securitised assets, and other income-generating credit exposures. The trust is designed to deliver regular income distributions to unitholders while aiming to preserve Capital over time.

The trust’s NTA trajectory over time can reflect movements in credit spreads, Interest Rate changes, and the credit quality of underlying holdings. The company did not disclose specific portfolio composition details, credit quality metrics, or information about recent portfolio changes in this company update. Investors seeking detailed information about the trust’s investment strategy and current holdings are directed to the trust’s product disclosure statement and periodic investor reports published by Perpetual Investment Management Limited.

How PCI’s Regular NTA Releases Support Market Transparency for ASX Investors

The regular publication of daily NTA estimates is an important component of market transparency for listed managed investment schemes. By providing the market with a daily reference point for the underlying value of trust assets, PCI enables investors and advisers to make more informed decisions about the relative attractiveness of the trust’s units at prevailing market prices. This practice is consistent with the disclosure obligations applicable to listed trusts on the ASX.

For retail and wholesale investors alike, the availability of daily NTA data means that the trust’s pricing transparency compares favourably with unlisted managed funds, which may only provide periodic valuations. The discipline of daily disclosure also reinforces accountability for the trust manager and responsible entity, as meaningful deviations from recent NTA levels may prompt market questions about portfolio developments. Investors and analysts tracking PCI will typically look at NTA movements in aggregate over days and weeks to assess trends, rather than placing excessive weight on a single daily figure.

No Financial Advice Provided in the NTA Company Update

The company update explicitly states that it is general information only and is not intended to constitute financial advice. It does not take into account the investment objectives, taxation circumstances, financial situation, or individual needs of any particular investor. Perpetual Trust Services Limited and Perpetual Investment Management Limited both note that prospective and existing investors should seek independent financial advice before making investment decisions based on this information.

The update also makes clear that it does not constitute an offer, invitation, solicitation, or recommendation with respect to the purchase or sale of PCI units. This standard disclaimer language is consistent with Australian financial services regulatory requirements and reflects the general-information nature of routine NTA disclosures. Investors are reminded that past performance is not indicative of future performance, a caveat that applies to the trust’s NTA history as much as to its distribution record.

What Investors Should Watch in Upcoming PCI Disclosures

Following this daily NTA release, investors in Perpetual Credit Income Trust will likely be watching for subsequent daily NTA updates to assess whether the $1.097 figure remains stable, rises, or declines. Persistent movements in NTA can signal shifts in underlying portfolio valuations driven by changes in credit markets, interest rate expectations, or the credit quality of specific holdings. The next key milestone for investors will be any scheduled distribution announcements or periodic trust reports that provide more detailed commentary on portfolio performance and strategy.

Broader market developments in Australian and global credit markets — including movements in the Reserve Bank of Australia’s cash rate, corporate credit spreads, and risk appetite among fixed income investors — are also likely to be relevant to the trust’s NTA trajectory in the period ahead. The immediate share price impact of this NTA disclosure was not clear from available public information. Investors seeking to understand how the trust’s current NTA compares with recent history or its market trading price are encouraged to consult publicly available market data and the trust’s historical NTA disclosures.