Australian Unity thaws mortgage fund freeze
Australian Unity Mortgage Trusts has increased the standing order monthly withdrawal option on its Mortgage Income Trust and Wholesale Mortgage Income Trust from 2 per cent to 3 per cent per month, subject to a $2000 minimum.
Investors can also opt for a one-off withdrawal request for their entire account balance, which the manager will meet on a pro rata basis (meaning investors could potentially redeem greater than three per cent depending on how many other requests are placed).
Standard & Poor’s Fund Services has maintained its two-star ratings on the two funds.
AUTHOR
Chris Kennedy
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