Too right!
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I think since GFC there has not been a lot of interest in reverse mortgages.
I feel this is changing,and with reputable people such as ASB,HNZ,SBS and TSB offering them,RELs will gain respectability and become more acceptable,therefore the market for them will grow quickly .
A lot of us would not use them,and most of us would not buy a car on HP either,but there is a growing market for them.Advertising will help grow the market.
Seniors Money is to sell 9.4% Heartland stake when escrow lifts
http://www.nbr.co.nz/article/seniors...ifts-bd-162489
Thanks for the link.
Been a great deal for both parties.
Seniors will receive this final dividend, and next year's interim dividend, before they can sell in April 2015.
I think most investors in HNZ have expected this "overhang" to have held back HNZ's share price,but the recent strong surge seems to have proved us wrong.
I note ANZ Securities are this morning showing HNZ as XD.[ex dividend].