where is the distribution notice, page-6

well written and put,
and basicly you are saying no logical to management stragetry.
Yes there is logical to management, fristly to drive the price lower and then pickup the crumbs for themselves.
The reits regulation reflect human nature a honest and smart guy like cmw does well, a stupid guy like cer brings a fund to its knees, with debt equally gross assets
why a clever guy like rcu ignores shareholders and makes a bundle for management.
asic should step into rcu.
that 15c share offer was a rort, it did not provide full information and the guidance was incorrect. in the states the lawyers would be very proactive to go to court on this one.
but you are correct asic does not protect the little guy.