Challenger Infrastructure Fund
Recommendation
Payment date | Amount ($) | Type |
---|---|---|
08 Nov 12 | 1.16 | Capital return |
27 Nov 12 | 0.11 | Capital return |
20 Mar 13 | 0.15 | Capital return |
14 Jun 13 | 0.012604 | Unsure^ |
Total | 1.432604 | |
^Tax details due in July |
Eligible securityholders of Challenger Infrastructure Fund will receive a final payment of 1.2604 cents per unit on 14 June 2013, after which the trust will be wound up. This takes the total returned to investors to $1.432604 per unit, a fraction more than we expected in March (see 22 Mar 13). The model Income and Growth portfolios have banked final proceeds of $45.3744 and $113.4360, respectively.
You should receive a detailed tax statement in July, but note these payments have been defined as capital returns rather than distributions. Depending on which recommendation you followed you’ve either done very well or just ok. We've had great success in the infrastructure space over the past few years and we look forward to future opportunities next time Mr Market despairs. COVERAGE CEASED.