Can additional units in a Cleardocs Unit Trust be issued in the future?
Unit Trust – fixed Yes, units in a Unit Trust – fixed may be issued in the future. This is the flexibility that a unit trust provides. Further units may be issued, and units may be sold or redeemed. Unit Trust – non-fixed Yes, units in a Unit Trust – non-fixed may be issued in the future. This is the flexibility that a unit trust provides. Further ordinary units, and further income units, may be issued. However, in a Unit Trust – non-fixed: • income units can not be sold. Instead, they can be redeemed – but only ever for a value of $1.00. • ordinary units may be sold. For each type of trust, the deed sets out: • The process for issuing more units or selling or redeeming units; and • How to calculate the price for the relevant units.
