They got divvies from CIE. I was happy with this because we were getting only half franking in CTN dividends, and by investing into CIE they got a fully franked dividend (theoretically) and so that would augment the franking pool. Not any more. Now we have bigger fund size (helps manager) larger cash position, and less franking
$300k to sell the manager to his new collective, which goes from $13m to $70m in value right away. Chairman didn't include that in his address
I also read in their presentation they own Switzer funds manager. I thought WE owned that one still, it would appear in the sale they handed that over too.
They got divvies from CIE. I was happy with this because we were...
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