Challenger Infrastructure Fund

Last month, we highlighted the unfortunate and last minute intervention by the Australian Tax Office in the Challenger Infrastructure Fund unwinding. The originally planned initial payment was chopped from $1.29 to $1.16 (and should already be in your bank account) as a result. The $0.13 difference is being held over in case of a negative outcome. This matter probably won’t be resolved for some time, unfortunately. But the fund, which delisted a few weeks ago, released some good news on another front yesterday. The so-called contingent payment—the one that was never assured, being reliant on the now-sold Inexus successfully...

Last month, we highlighted the unfortunate and last minute intervention by the Australian Tax Office in the Challenger Infrastructure Fund unwinding. The originally planned initial payment was chopped from $1.29 to $1.16 (and should already be in your bank account) as a result. The $0.13 difference is being held over in case of a negative outcome. This matter probably won’t be resolved for some time, unfortunately.

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