We are taking profit on National Storage REIT (NSR) following the takeover bid from Brookfield/GIC at $2.86. With the shares trading around $2.80, and the deal not likely to complete until 2Q26, we are re-allocating the funds elsewhere.
MM are selling NSR in the Active Growth & Active Income Portfolios, taking profit around $2.80
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Suncorp (SUN) has had a challenging period with higher claims likely to impact earnings. We view this weakness as a buying opportunity, in a reasonably priced insurer paying ~5% fully franked yield.
MM are buying SUN in the Active Income Portfolio, targeting a 5% weighting around $17.30
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