Mirvac AQUA offers partial redemptions
Mirvac AQUA has announced it will offer unitholders a percentage of some of its funds for redemption while extending the closure of the fund.
The Mirvac AQUA Income Fund, Enhanced Income Fund, High Income Fund, Senior Debt Pool and Mezzanine Debt Pool will offer between 10 and 20 per cent redemption.
Mirvac AQUA also said it will extend the closure of the fund until April 2009 at which point the funds and pools will offer pro-rata redemptions on a financial quarter basis subject to the availability of surplus cash.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
