Hi Brett230873, I can't see any reason why this should be so....

Hi Brett230873,
I can't see any reason why this should be so. Maybe it is just the few misunderstanding preference shares (in this case MCI Capital Notes). Australian Unity was established in 1840 as Australia’s first member-owned well-being company, delivering health, wealth and care services and is still going strong. It has $27.89 billion in assets and funds under management. It has not issued notification of a Mandatory Deferral Event as exists in respect of Crown Subordinated Notes II (CWNHB June Interest Payment will be deferred and will not be paid on 14 June 2022). CWN is also subject to a Blackrock takeover.
However, CWNHB preference shares have not tanked and pay 4% as opposed to 5% by AYUPA Capital Notes. AYUPA has announced their April distribution (Ex 8/4 Payment 15/4) and IMHO present a very cheap ASX listed MCI Capital Notes buy.
It just gets curiouser and curiouser as Alice would say.