Yes , there is cost they will incur before June 21 depending on partnership offer take up. If the entire 4B is taken up it could cost 300m. However MFG have additional 4B to invest . The closed units take up is locking money for long time with MFG. with the 1.35% management fee, they will earn 54m + performance fees for long time to come. If everything goes plan 2022 NPAT should see a good increase. This my understanding of what this partnership offer is about. If you start looking at 2022 onwards, dividend yield is well over 5% plus franking credits at current prices.
MFG Price at posting:
$45.14 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)