IFT has released an announcement to the ASX this morning with an increase in the assessed independent valuation at 31 December 2020 of their 48.1% shareholding in CDC. This shows an increase since 30 September 2020 of c.$500m to a range of NZ$2.164b to NZ$2.478b.
This results in an increase in the Morrison & Co international portfolio annual incentive fee of c.$90m from that accured at 30 September 2020.
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