Australian REIT Income Fund T.HRR.UN

Australian REIT Income Fund (the Fund) is a Canada-based investment fund. The Fund's investment objectives are to provide unitholders with stable monthly cash distributions and the opportunity for capital appreciation. To seek to achieve its investment objectives, the Fund will invest in an actively managed portfolio comprised primarily of equity securities listed on the Australian Securities Exchange (ASX) issued by Australian real estate investment trusts and to a lesser extent, issuers principally engaged in the real estate industry in Australia. The Fund is offering Series A units and Series F units. The Series F units are designed for fee-based and/or institutional accounts and differ from the Series A units in some ways, such as Series F units will not be listed on a stock exchange; the Agents' fees payable on the issuance of the Series F units were lower than those payable on the issuance of the Series A units, and no service fee is payable in respect of the Series F units.

TSX:HRR.UN - Post by User

Australian REIT Income Fund

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Post by spazzmanon Jun 12, 2013 2:22am

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Post# 21539877

Whats wrong with HRR.un?

I have followed this fund since it was a top pick on BNN. At $10.00 HRR.un dropping towards its N.A.V. $9.36 Current 6.6% yield. Does anyone believe that this sudden drop in market price has more to do with a preceived interest rate hike that is having an adverse effect on all R.E.I.Ts? comments please!

Quick drop from its initial IPO price of $12.00

From BNN Market Call guest

2013-05-24

TOP PICK

Jaime Carrasco

Australian REIT. They have not has the rise we had here in Canada. This one went through a huge reorganization that cleaned up the balance sheet but they haven’t had the move. Australia is one of the only countries that can actually lower interest rates. Pension funds are entering Australia. Their economy is tied to resources and China, which would be a risk but that should be temporary.

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Changing Europe’s dependency on HREE from China