FDY010: Close out of Fund

The unexpected rally in the US bond market last night resulted in further trading losses. Despite the best efforts of our Fund Manager, the value of the Fund has now fallen below the bond floor.

All funds will now be transferred to the fixed portfolio assets and trading of new options has ceased. No further coupons will be paid.

This action is taken in accordance with the terms of the trust deed and as set out in the investment statement. The trust documentation is available at: www.fidelitybonds.co.nz

The repayment of the principal is guaranteed by Westpac Banking Corporation. All bondholders will get their capital back on 15th July 2013.

Source: NZX

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Devon Funds Morning Note - 22 April 2026
AGL - Accordant Group Limited announces opening of Rights Offer
April 22nd Morning Report
BPG - Q4 FY26 Update: ARR reaches $26.8m
Devon Funds Morning Note - 21 April 2026
April 21st Morning Report
CHI - Government diesel storage at Marsden Point
April 20th Morning Report
NZK Market Update - Earnings Guidance Upgrade
MEL - Meridian Energy monthly operating report for March 2026