Q When will investors get their refund cheques?
A Refund cheques for the part of the application that was unsuccessful were sent out on Wednesday. If the Link Reit does not list, cheques for the rest of the money will be sent no later than Tuesday.
Q Will those who were allotted shares receive what they were promised if the listing proceeds at a later date? Or will a new allotment process be organised?
A If the listing doesn't go ahead on Monday, the process will start all over again with a new prospectus. Investors will have to apply again and there are no guarantees they will get the same amount they were allocated originally.
Q More than 56 per cent of the units in the reit are available to retail investors, who subscribed for shares valued at $280 billion. How much do investors who borrowed to subscribe for the share deal stand to lose in interest charges?
A Retail investors will pay an estimated $112 million interest for margin financing, assuming 70 per cent of the value of the shares applied for was funded by borrowing. If 90 per cent was borrowed, interest would be around $140 million.
Q Could investors sue the Housing Authority or sponsors to make good their losses?
