Indeed, mark10, though remember that the next div (31 May) will...

Indeed, mark10, though remember that the next div (31 May) will be at the pre-step-up margin and will be (from memory) $2.21 per share fully franked. The payment after that will be at the new margin of 180-day BBSW + 4.75%.

Big fall in SEVPC today in its last day of trading under that ASX code, with volume ($4.7m) well above average. Can't see a reason for it but if it stays at that level, I'd consider topping up my holding.

(Post-step-up, at today's closing price, the security will yield 11.0%pa gross.)