Apexhi

[#1]

Does anyone know the difference between the three listed Apexhi shares???Why 3 listed.?

[barry_1]

Hi Smart Trader, thats who u are,by asking questions! These are not shares but property loan stock units.The A units are for risk averse investors and are payed out first.Then the B units get the rest of the money.The C units are new and will only pay interest income(fully taxable)once the payouts go over the 227 cents threshold .So at the moment they pay nothing.All this only comes into play if there is not enough money to pay both A and B.55% of the remainder is payed to B unit holders.I consider this so safe that i only hold B units.Worth holding long term as it pays interest quarterly.

[#3]

Thanks,makes more sense now.