This article applies to MLC MasterKey investors with holdings in the Colonial First State Wholesale Income Fund option.
Colonial First State (Colonial) has announced the results of the March/April 2011 withdrawal period for the suspended Colonial First State Wholesale Income Fund (the Fund).
Colonial advised the total value of all requests received was more than the cash available in the Fund. As a result, Colonial were only able to fulfil 10.07% of the value of all requests received.
However, due to the structure of MLC MasterKey, we were able to satisfy more than 10.07% of our investor requests.
To help you work out how much of your request was fulfilled, approximate percentages for each product, and a flyer containing further information, are below:
| Products | Result |
| MLC MasterKey superannuation products | 24.02% |
| MLC MasterKey pension products | 15.23% |
| MLC MasterKey Investment Service (including Fundamentals) | 10.07% |
Switch requests were processed using the Fund's unit price as at 11 May 2011, which was the day we received the funds from Colonial.
Note: If you’re invested in MLC MasterKey superannuation and pension, applied for the offer, and have less than $1,000 invested in the Fund, you’ll have the full value of your holdings in the Fund switched into the alternative investment option(s) you’ve selected.
Colonial expect to provide details of the next offer in June 2011.
If you have any questions please speak with your financial adviser or call us on 132 652, weekdays between 8am and 6pm AEST.