According to MBL the manager of Fortess is going to meet the target as at quarter ending 31 July (yesterday). My guess is that he will not be rebating for that quarter.
"Interest income is supported by the portfolio manager agreeing to rebate up to half of its fee per quarter if investors do not receive income of 4.5% per annum above the Australian dollar 90 day bank bill rate (calculated quarterly) after the initial investment period*" Morality would have led me to half the fee for that quarter. Wonder what he will do. I shorted this stock on Tuesday. If the manager doesn't half the fee maybe that's an indicator that they may be good for an another short position.
- Forums
- ASX - By Stock
- MBL
- fortress and rebating fees
MBL
macquarie bank limited
fortress and rebating fees
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MBL (ASX) to my watchlist
|
|||||
Last
0.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $0 |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online