MA1 ma credit income trust

Ann: MA1 rejects costly proposal to liquidate company, page-5

  1. 505 Posts.
    lightbulb Created with Sketch. 27
    i found this bit interesting:

    4.   Costs associated with terminating Monash Investors’ management agreement. This runs until 23 February 2026. A proposal for liquidation or change of control does not give rise to a right for MA1 to terminate the agreement.

    locked in for 1.5 pct plus performance fees above the benchmark, being RBA cash rate, clever little dicks.

    i should have clearly done more due diligence before buying into the discount :-\
 
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$2.04
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