Macquarie still has redemption suspensions in place on both Trusts due to “illiquid assets,” yet according to the December 2012 Quarterly Report the “illiquid assets” make up only 3 – 4% of the total assets of these two assets.
On top of this, both Trusts have unit prices of around $1.15.
Macquarie is well overdue to offer liquidity to investors in these Trusts or at a minimum a material distribution. They are probably dragging their feet because of the interest they are receiving on the big loan book attached to these Trusts as most people geared into them.
The March Quarterly will be out soon. If the number are positive again investors should demand liquidity in June!