MLC Market Watch

The Colonial First State Wholesale Income Fund (the Fund) continues to be suspended. However, Colonial First State have announced the details of their next withdrawal period in November and December 2009. This helps us to provide you with the opportunity to make a switch request between 18 November and 17 December 2009.

This article applies to MLC MasterKey clients invested in the Colonial First State Wholesale Income Fund option.

To apply, you’ll need to complete the relevant Switch Form linked below and return it to us by mail. Completed forms will need to be received by 3pm on 17 December 2009.

Colonial First State Switch Form (PDF, 150KB) – MLC MasterKey superannuation and pension products, or

Colonial First State Switch Form (PDF, 229KB) – MLC MasterKey Investment Service (incl. Fundamentals)

An information guide about how the offer will operate is available via the link below:

Colonial First State switch offer guide (PDF, 39KB)

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This article applies to MLC MasterKey investors with holdings in the Colonial First State Wholesale Income Fund option.

On 10 March 2009, we highlighted Colonial First State’s second withdrawal offer for their suspended Colonial First State Wholesale Income Fund.

The deadline for submitting switch requests is 3pm on 3 April 2009.

For more information, including links to a switch offer guide and the relevant Switch Forms, click here.

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[This article applies to MLC MasterKey investors with holdings in the Colonial First State Wholesale Income Fund option.]

In October 2008, Colonial First State suspended transactions on the Colonial First State Wholesale Income Fund.

The Fund continues to be suspended. However, Colonial First State has now announced they will be offering a second withdrawal period between 6 March and 3 April 2009. You will have an opportunity to switch a portion of your Colonial First State Wholesale Income Fund investment into another investment option.

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[This article applies to MLC MasterKey clients with holdings in the Colonial First State Wholesale Income Fund option]

Colonial First State announces details of its withdrawal offer for the Colonial First State Wholesale Income Fund.

In October, Colonial First State suspended certain transactions on the Colonial First State Wholesale Income Fund.

The Colonial First State Wholesale Income Fund continues to be suspended. However, Colonial First State has now announced they will be offering a withdrawal period in December 2008. This has enabled MLC to provide you with an opportunity to make a switch request between 3 December and 24 December 2008.

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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.

Read the full notice…