Australia's Metrics announces trading halt and valuation cuts for three listed funds

ロイター··AU·Read original
3▲0 ▼0Impact / 5
Summary · why it matters

Australian private credit giant Metrics Credit Partners announced on the 28th that it is halting trading in three funds listed on the Australian Securities Exchange and cutting their asset valuations. The funds halted from trading are the Metrics Real Estate Multi-Strategy Fund, the Metrics Income Opportunities Trust, and the Metrics Master Income Trust. In disclosure documents filed with the exchange for each fund, the company explained that the auditing firm KPMG reached a different judgment than the company regarding the preconditions for interim financial reporting. As a result of the review of those preconditions, net tangible assets were cut by 12.16 percent for the Real Estate Multi-Strategy Fund, 10.08 percent for the Income Opportunities Trust, and 1.99 percent for the Master Income Trust. The net tangible asset value per unit of the Real Estate Multi-Strategy Fund was lowered from 2.53 Australian dollars to 2.22 Australian dollars, with the main factor cited as a write-down in the valuation of investments in unlisted commercial real estate. Metrics said that in the process of finalizing its audited financial statements it placed greater weight on downside scenarios and the possibility of more adverse outcomes, and that the audit also led it to increase loan loss provisions across the three listed funds. It said this reflected interest rate and macroeconomic conditions as well as rising regulatory requirements on individual assets and portfolios.

Off-coverage companies 5

Metrics Credit PartnersPrivate▼ Negative
Capitalrelevance

Metrics Credit Partners halted trading in three listed funds and cut their net tangible asset valuations after KPMG's audit review.

Metrics Income Opportunities TrustPrivate▼ Negative
Capitalrelevance

Metrics Income Opportunities Trust was halted from trading and had its net tangible assets cut 10.08% with increased loan loss provisions.

Metrics Master Income TrustPrivate▼ Negative
Capitalrelevance

Metrics Master Income Trust was halted from trading and had its net tangible assets cut 1.99% with increased loan loss provisions.

Metrics Real Estate Multi-Strategy FundPrivate▼ Negative
Capitalrelevance

Metrics Real Estate Multi-Strategy Fund was halted from trading and had its net tangible assets cut 12.16% on write-downs of unlisted commercial real estate.

KPMG InternationalPrivate± Mixed
Regulationrelevance

KPMG's differing audit judgment on interim reporting preconditions triggered the valuation cuts and trading halts, but KPMG is not the subject and faces no clear positive/negative outcome.

© 2026 MarketIVNews