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
$2.04 |
Change
0.010(0.49%) |
Mkt cap ! $2.492B | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.04 | $2.03 | $2.888M | 1.419M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 176259 | $2.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 57681 | 4 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| MXT (ASX) Chart |