My reading of the memo is that 5% of the total units of the fund can be redeemed every 6 months. So depending on how many others wish to redeem at the same time you would be able to redeem 5-100% of your investment in any 6 month period (albeit I imagine in the first 1-2 years many investors would be seeking to exit at NTA minus the sell spread.
While there are some clearly sub-optimal features of this proposal, one potentially significant benefit will be the ability to exit at near NTA and take advantage of long-term cap gains discount (which is not true of harvested distributions).
My reading of the memo is that 5% of the total units of the fund...
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Last
$1.18 |
Change
0.000(0.00%) |
Mkt cap ! $84.99M | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.19 | $1.18 | $66.37K | 56.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11360 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 500 | 1 |
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| Last trade - 10.31am 25/06/2025 (20 minute delay) ? |
| CD3 (ASX) Chart |