Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a unit purchase plan (UPP)?

Plan purchase upp
0
Posted

What is a unit purchase plan (UPP)?

0

A UPP is a convenient way for eligible unitholders to acquire additional units in the Trust where no brokerage or other transaction costs are involved. Under the UPP the Trust may, at the discretion of the Board, once a year offer eligible unitholders the opportunity to purchase additional units up to a maximum value of $5,000. This maximum value has been set by the Australian Securities & Investments Commission. The UPP was last offered in July 2007.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.