Colonial freeze
Colonial First State freezes assets of Colonial First State Wholesale Income Fund.
With effect from 3pm Friday 24 October 2008, Colonial First State has frozen the assets of their Colonial First State Wholesale Income Fund.
This decision impacts investors in some MLC products because the Colonial First State Wholesale Income Fund is an investment option on the MLC MasterKey platform.
In simple terms, Colonial’s decision to freeze transactions means investors with balances in the Colonial First State Wholesale Income Fund on the MLC MasterKey platform will not be able to invest, withdraw or switch into or from the fund. Importantly, MLC will continue to make Pension and Regular Withdrawal Facility payments as scheduled.
For more information about Colonial First State’s decision to freeze the fund, please contact Colonial directly.
No MLC funds have been frozen for redemptions and all are operating as normal.
Rate this article
(7 votes, average: 1.86 out of 5)
Loading ...