If you look at the volumes there is a hell of a lot more volume going through on the VRLPAs than the VRLs. At a guess I would say one major holder of the VRLPAs is getting out but it is just taking them ages to do it.
Does anyone have any logical reasons why VRLPA trade at a discount to VRL? VRLPA pays 10% div fully franked whereas VRL pays no div. Unless you are a kirby and want the voting power why would you buy VRL?
Ed
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