GAVIN EVANS: Direction sought for Fonterra fund holders

Tue, 29 Sep 2020

Fonterra’s return to profitability and recent firm demand for the country’s dairy products are good news for the economy and investors.Holders of Fonterra Shareholders' Fund units are also looking forward to their first dividend since April 2018. The 5-cent payout next month will – barring some dramatic event in the next two weeks - reduce their per-unit loss in the past two years to 80 cents.The unit trust was introduced with much hype in 2012 promising investors an exposure to a global-scale dairy player with “stab...

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