IFL insignia financial ltd

The discount error and subsequent amendment is the cause of the...

  1. 114 Posts.
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    The discount error and subsequent amendment is the cause of the extra shares your received.

    Looking at your DRP Statement, if you work back on the maths: Take the number of new shares allotted originally, add the extra shares received on the 18/10/22, and divide that into the "Total available for reinvestment", you should get the amended DRP price of $3.16 (or thereabouts). This means that the extra shares you received are part of the amendment.

    If you input the total of the allotted shares (of the 2 parcels) into your Portfolio Manager, you will have a true figure of your IFL holdings. The all-important cost base will also be true.

    We hope this clarifies the matter for you, and others.
    Last edited by Verve365: 19/10/22
 
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