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Income Portfolio – Amendments

We are selling Alumina (AWC) given recent disappointment in the dividend. NB: We are only selling AWC in the Income Portfolio – we are holding in the growth portfolio.

AWC
MM are selling AWC in the Income Portfolio, taking a loss around $1.96
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Alumina (AWC)

We are buying G8 Education (GEM) following a strong result. We are bullish the stock for income and some growth.

GEM
MM are buying GEM in the Income Portfolio, allocating 3% around $1.30
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G8 Education (GEM)
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