Never going to please every shareholder but some improvements...

Never going to please every shareholder but some improvements evident.

"1. Increase the flexibility of the Fund’s investment mandate to further improve its investment return generation potential.
2. Reduce the Fund’s base management fees.
3. Remove the Fund’s current performance fee entirely via a fee waiver.
4. Provide unitholders with the option to receive 100 per cent of their annual distribution in cash through an adjustment to the existing dividend reinvestment plan rules.
5. Offer unitholders holding less than $500 worth of units (less than a marketable parcel) a brokerage-free option to exit their holdings, which is expected to also improve the cost and operational efficiency of the Fund.
6. Maintain the increased investment in marketing announced as part the 2015 Strategic Review and increase communications with current and prospective unitholders of the Fund.
7. Subject to regulatory requirements, consider the implementation of a one-off capital management opportunity which may involve an off-market redemption and/or an on-market buy-back opportunity.
8. Consider capital management opportunities for unitholders as part of the annual fit for purpose review."