Awan Hammad

    Hi Jason

    Yes if a Unit Trust issues new units they should be based on the market value of the trust’s net assets.

    The trust deed of the Unit Trust should be reviewed in relation to the rules re the issue of new units.

    The other compliance issues to consider is making sure the unit trust is not a related party (or become one after the issue of new units) to the Fund as that could lead to a breach of the in-house asset rules.



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