The trusts loan would have been 75% of $51.5M so $38.6M now it...

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    The trusts loan would have been 75% of $51.5M so $38.6M now it looks to be $2.13M securitised ove the 3 assets
    so liabilities $34.5M less and assets $32M less
    Assets were for the corporate RNY 478M with liabiliites of 331M giving a gearimg of 0.693
    now assets would be $439.4 M with liabilities of $296.5M
    giving a gearing of 0.675

    Welcome to be refuted.
 
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