Specifically the fund manager has allocated 3 per cent of the trust's net assets for monthly withdrawals.
Under the new arrangement existing investors in the High Yield Mortgage Trust can elect to establish a regular monthly withdrawal facility, however they can also elect to redeem the full amount of their investment in a one-off withdrawal transaction.
If the one-off withdrawal cannot be facilitated due to an over-subscription of redemptions the request will be managed on a pro-rata basis.
