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navra distributions for dec05 quarter?

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

  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.
     
  2. artgul

    artgul Well-Known Member

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

    Cheers,
    artgul
     
  3. Alan

    Alan Well-Known Member

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    Mine was paid into the account this afternoon.
     
  4. MrDarcy

    MrDarcy 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 ?
     
  5. Here_To_Learn

    Here_To_Learn Well-Known Member

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    Nothing in my bank account yet :confused:
     
  6. gazza

    gazza Well-Known Member

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    Mine was paid in yesterday arvo including my Colonial margin loan units
     
  7. MichaelWhyte

    MichaelWhyte 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.
     
  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!
     
  9. Here_To_Learn

    Here_To_Learn Well-Known Member

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    OK what I have done wrong then ? Just checked Westpac account and still see nothing :(
     
  10. Glebe

    Glebe Well-Known Member

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    i haven't got mine yet (LE).
     
  11. MichaelWhyte

    MichaelWhyte 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.
     
  12. Glebe

    Glebe Well-Known Member

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    Ahh - I'm getting mine as extra units, that must take longer.
     
  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.
     
  14. Simon Hampel

    Simon Hampel Co-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.
     
  15. Here_To_Learn

    Here_To_Learn 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 !