This week we achieved the important milestone of reaching our $75m cap in unit holder funds.
Ordinarily this would mean that we would now be closed to all new and top up applications, and that we would suspend the distribution reinvestment option.
However, in consultation with our legal advisers, the Board received clarification that the definition of subscriptions ought not to include distribution reinvestments, but rather only new and top up application requests.
As such, we are now able to ‘release’ that portion of the $75m that related to distribution reinvestments and also advise that the distribution reinvestment option can remain open.
