Australian Unity Investments (AUI) has further improved redemption opportunities for its Mortgage Income Trust (MIT) with a regular monthly facility allowing investors to withdraw up to one percent of their total investment in the Fund each month.

It is the first time that the Trust has had a regular redemption facility since the introduction of the Government’s bank guarantee in October last year which resulted in almost all mortgage funds temporarily putting redemptions on hold.  AUI has not stopped making regular monthly distributions to investors and its ‘severe financial hardship’ arrangements will continue.