Managed Funds navra distributions for dec05 quarter?

Discussion in 'Shares & Funds' started by pthm, 12th Jan, 2006.

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  1. pthm

    pthm Well-Known Member

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    Just curious to know if anyone has received navra distribution for dec05 quarter? I have selected to have mine paid in cash but have not received anything.
     
    pthm, 12th Jan, 2006
    #1
  2. artgul

    artgul Well-Known Member

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    Was told that end of this week or early next one.

    Cheers,
    artgul
     
    artgul, 12th Jan, 2006
    #2
  3. Alan__

    Alan__ Well-Known Member

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    Mine was paid into the account this afternoon.
     
    Alan__, 12th Jan, 2006
    #3
  4. TwoDogs

    TwoDogs Well-Known Member

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    Mine too, from units with a Colonial margin loan. Have another new loan with BT, not sure how long that will take to pay distribution as I think they pay me, not NI direct ?
     
    TwoDogs, 12th Jan, 2006
    #4
  5. hillsguy

    hillsguy Well-Known Member

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    Nothing in my bank account yet :confused:
     
    hillsguy, 12th Jan, 2006
    #5
  6. gazza

    gazza Well-Known Member

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    Mine was paid in yesterday arvo including my Colonial margin loan units
     
    gazza, 13th Jan, 2006
    #6
  7. MichaelW

    MichaelW Well-Known Member

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    Mine paid in yesterday (Thursday 12th) from my Leveraged Equities (LE) margin loan.

    And a very nice XMas present it was from Navra Claus too. :D

    Cheers,
    Michael.
     
    MichaelW, 13th Jan, 2006
    #7
  8. pthm

    pthm Well-Known Member

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    Thanks, all! Just checked my bank account and it was paid into the account yesterday (12jan06). Have fun!
     
    pthm, 13th Jan, 2006
    #8
  9. hillsguy

    hillsguy Well-Known Member

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    OK what I have done wrong then ? Just checked Westpac account and still see nothing :(
     
    hillsguy, 13th Jan, 2006
    #9
  10. Glebe

    Glebe Well-Known Member

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    i haven't got mine yet (LE).
     
    Glebe, 13th Jan, 2006
    #10
  11. MichaelW

    MichaelW Well-Known Member

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    I must be just lucky then... Maybe it depends on your bank. I'm with WBC.

    Cheers,
    Michael.
     
    MichaelW, 13th Jan, 2006
    #11
  12. Glebe

    Glebe Well-Known Member

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    Ahh - I'm getting mine as extra units, that must take longer.
     
    Glebe, 13th Jan, 2006
    #12
  13. pthm

    pthm Well-Known Member

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    I have invested in both navra funds (wholesale and retail), and I elected to take distributions in one as cash and DRP in the other. I actually received the DRP units a week before the cash - so Glebe, it should not take longer to receive the extra units. I received all the statements today in the post with the details of all the distributions.
     
    pthm, 13th Jan, 2006
    #13
  14. Simon Hampel

    Simon Hampel Founder Staff Member

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    Leveraged Equities don't show the extra units in their reports until they do an update from the fund managers - which generally happens on the 15th of the month. I'm not sure if the distributions will show up this month or next month in their system.

    You can log into InvestorServe to check that you've been allocated the extra units (which should have happened a couple of days back).

    Just be warned that if you are highly leveraged and get a margin call before your new units show up (or more the point, because your new units haven't shown up yet) - you should get Leveraged Equities to check for the extra units - might save you a lot of money.

    As a result - Leveraged Equities reports are not that accurate when additional units have been allocated to a fund. This also occurs for new fund investments - it can take them a while for the new units to show up in their system for the same reason.

    Glebe - I'm in the same boat with LE and my Wholesale units which were reinvested.

    It's a PITA.
     
    Simon Hampel, 13th Jan, 2006
    #14
  15. hillsguy

    hillsguy Well-Known Member

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    OK received statements today !

    We switched from BT to LE during the last quarter and I think there has been a breakdown in communication somewhere along the lines. We have had the distribuition re-invested !

    Doh !
     
    hillsguy, 13th Jan, 2006
    #15
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