Straight greed.
Why accept a management fee as a % of a $440m portfolio when you can get a management fee as a % of a $600m portfolio?
Added bonus, is that they get to shift some wealth from existing unitholders to our "wholesale buddies" and all the out-of-view benefits that that entails.
If there are so many fantastic investment opportunities, why not shift the existing capital around to maximise returns to existing unit holders? 5.1% annualised return vs target 5% annualised return since inception. Big deal. And now the "responsible" entity goes and issues discounted units to external parties - which qualify for the July distribution - but participants in the UPP don't.
The ****ing greed never ends.
Ann: Trading Halt, page-14
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Last
$1.14 |
Change
0.000(0.00%) |
Mkt cap ! $551.6M | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.14 | $1.13 | $47.63K | 41.98K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 134899 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 157411 | 2 |
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| Last trade - 12.31pm 04/10/2024 (20 minute delay) ? |
| PCI (ASX) Chart |