NAB 0.56% $36.23 national australia bank limited

To Everyone,Just so I understand what this is saying. According...

  1. 37 Posts.
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    To Everyone,

    Just so I understand what this is saying. According to google, underwrite means:
    https://hotcopper.com.au/data/attachments/1816/1816705-b62f625026b54ddc6b173f9e8550516e.jpg
    So the announcement is saying that Morgan Stanley is going to foot the bill for the dividend in return for more shares?

    Thanks,

    sighsigh
 
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