Managed Funds Aurora Unit split?

Discussion in 'Shares & Funds' started by rambada, 19th Sep, 2008.

Join Australia's most dynamic and respected property investment community
  1. rambada

    rambada Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    54
    Just looking at the Aurora Dividend Income fund & it refers to a 8 for 1 split in July 2008.

    What does this mean & why would they do it?
     
    rambada, 19th Sep, 2008
    #1
  2. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
    Posts:
    12,412
    Location:
    Sydney
    stock split: Definition from Answers.com

    Not sure why they would do it - couldn't find any discussion about it on their website when I had a quick look. Perhaps they thought there was a perception in the market that their share/unit price was too high, and that it would become more attractive at a lower level?
     
    Simon Hampel, 20th Sep, 2008
    #2
  3. ashes

    ashes Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    110
    Location:
    Brisbane
    I read that they thought the perception was Aussies prefer 'managed funds' to have a unit price around a dollar. So they changed the unit price, though the split, to reflect this.
     
    ashes, 20th Sep, 2008
    #3
Build Passive Income WITHOUT Buyers Agents!

Build Passive Income WITHOUT Dropping $15K On Buyers Agents Each Time! Helping People Achieve PASSIVE INCOME Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, Anywhere In Australia