MEC 3.57% $1.02 morphic ethical equities fund limited

"Due to the lack of franking credits, the Board has resolved not...

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  1. 388 Posts.
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    "Due to the lack of franking credits, the Board has resolved not to pay any dividend for the June 2024 period. Furthermore, the
    prospect of further dividend payments in the near future is uncertain."

    "At the Company’s AGM in November 2024 shareholders will be asked to approve a further share buyback of up to 20% of the
    Company’s shares outstanding at that date."

    I was hoping they would wind up the fund once their franking credits were exhausted instead SH are supposed to bear the chronic underperformance and be content with a buy back. Maybe Harvest Lane management will push for drastic change at the AGM in November but I can't be bothered waiting any further. Sold out everything yesterday.
 
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