If you look at the slides on the webinar they try to balance back to the $1.44 but they take into account the benefit of the franking. Personally, as at that date before the div ltr 6 April, you were getting $1.314, and the NTA before tax was around $1.44. So it looks to me like the cost is around 10c per unit - I am not surprised.
I like the new structure but it sure does look like smoke and mirrors and 10c gone to me.
MA1 Price at posting:
$1.27 Sentiment: None Disclosure: Not Held
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