As part of the Blackstone takeover of Crown, the Crown Hybrid (CWNHB) has been redeemed at the price of $102.75 which represents the $100 face value plus deferred interest payments. The outcome is what we expected and a good result for the Market Matters Income Portfolio having bought the notes below par a year ago. Payment will be made to holders of the note on the 28th July 2022 while the notes have been removed from the ASX.
We will soon redeploy the 4% of the portfolio allocation held in the CWNHB
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