City Pacific Limited is an Australia-based Company. The Company is engaged in funds management, including acting as responsible entity and manager of four registered managed investment schemes (City Pacific First Mortgage Fund (formerly City Pacific Mortgage Trust), City Pacific Income Fund, City Pacific Managed Fund and City Pacific Private Fund), property, financial services, investment/trading activities and operations. The Company conducts business in five primary segments, being funds management, property, financial services, investment/trading and operating. On July 2, 2007, the Company acquired Australian Beneficial Finance Pty Ltd., which is a mortgage manager specializing in residential mortgage origination and management, and commercial and development funding. On December 1, 2007, City Pacific sold its interest in City Pacific Transport Finance Pty Ltd. In February 2009, Mirvac Group acquired the Company’s 50% interest in its joint venture entity, Mirvac Pacific Pty Ltd.