Retail unitholders being diluted at the expense of Institutional holders who receive a discount/arbitrage opportunity.
JLM's receive a nice little earner (distribution fee 1.25%, arranger fee 0.05%). Pinnacle, a minority shareholder, also receive a distribution fee of 0.10% and a service fee as distribution partner.
Unfortunately retail unitholders have no say in this capital raise as it is within the 15% of the Trusts issued capital.
Retail unitholders being diluted at the expense of Institutional...
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Last
$2.01 |
Change
0.015(0.75%) |
Mkt cap ! $2.455B | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.01 | $2.00 | $2.480M | 1.237M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 1639084 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.01 | 167762 | 12 |
View Market Depth
| Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
| MXT (ASX) Chart |