Challenger Infrastructure Fund

The sale of Challenger Infrastructure Fund’s last remaining asset, Inexus, to Brookfield has now settled. The stock ceases to trade at the close of business Wednesday, 24 October, and those who don’t sell in the meantime will receive payment of $1.29 per unit on 2 November. If Inexus is able to successfully roll its debts at the end of November, there will be a further contingent payment of 11 cents from Brookfield (the amount has shrunk a little because of AUD/GBP exchange rate movements), and perhaps another 1 cent from residual capital of CIF, probably to be received early...

The sale of Challenger Infrastructure Fund’s last remaining asset, Inexus, to Brookfield has now settled. The stock ceases to trade at the close of business Wednesday, 24 October, and those who don’t sell in the meantime will receive payment of $1.29 per unit on 2 November.

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