Question
Can I issue units other than ORD for a Unit Trust?
Answer
If it is an existing Unit Trust and the Trust has been added to the Trust Register, you can issue different Unit Classes other than ORD via the Trust Profile.
Navigate to Menu > Trust Register > Trust Profile > Unitholders > Issue of Units.
Note:
- The NowInfinity platform does not facilitate the changing of the unit class. If a change is required, send your request in writing to our Technical Compliance Team via email at legal@nowinfinity.com.au. Your request will be reviewed and if a legal opinion is required, will be referred to our external legal provider DGF Morgan & Associates on a fee for service basis. For more information, see help article.
- For Fixed Unit Trust's, only ORD Units can be issued.
Related articles:
How to prepare an Issue of Units