The presentation was interesting today with key points -SPP will...

The presentation was interesting today with key points -

SPP will not finish early
Potential scale back not likey. Don said today the fund has capacity for an additional $400ml, so the wholesale part of the SPP was $71ml and $50ml for retail holders, so plenty of room to expand numbers if required.
They were part of the CBA buyback and put 100% of shares in, with 79% scale back. Made 14% for shareholders. Looking at the WBC share buy back as well and their opinion was it would be unlike to go at 14% discount
With expansion of the fund, hoping they can reduce MER down the track
When asked about dividends increasing, Don said maybe, but always prefer not to give a high dividend for awhile and then have to reduce.
Also discussed share price and mentioned the SPP would create a down turn with some shareholders selling at market prices and rebuying under the SPP. Feels once the SPP is over, share price will recover
Also questions about why the SPP happenned, and Don replied there was pressure to do something as shares were popular and wanted but price above NTA was too high for shareholders, so selling at NTA prices was seen as a positive way to grow the fund.
The fund went through returns and have to say this is a positive way to invest from my perspective, and happy I have participated in the SPP.