CWNHB +1.99%: As part of the Blackstone takeover of Crown which is now completing, Crown today announced the redemption of the CWNHB 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. We will now look to redeploy the 4% of the portfolio allocation held in this position.
The CWNHB are being redeemed at $102.75 as MM expected
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