I don't know how it works with these nominees, but are they attached as part of super funds? if so, could simply be forced closing by super payouts, or private investors withdrawing and investing on their own.
When I started i began with a managed fund, then decided to just do it myself, so closed the fund. The fund manager would have to have sold a spread of investments to payout.
But again, not sure of the internal workings of these nominees. Pure speculation.
Don't sweat it though, nothing wrong with EXT. IMO
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