Ann: Unitholder Update June 2012 , page-3

It appears the plan is to clear the debt and then leave the deferred interest margin (which does not attract interest on top) to wallow there for a while and let the income from the fund pay it down.

Either that or they can drag the lenders back to the table to think again.

Whatever happens they are heading in the right direction. And the buying continues and there certainly was a mopping up on Friday with 1.7M traded.

The bond buying from Europe and more QE from the Fed is really helpful for MXQ as is injects liquidity into the financial markets and that could well lead to the sale of their assets.