The Future Fund is expected to persist with its policy of selling down its Telstra stake after its holding finally dipped below 5 per cent yesterday, ending its status as a substantial shareholder five years after it inherited a $9 billion parcel from the federal government.
The fund yesterday advised it held just 4.99 per cent of the nation’s largest telco, having sold down from 5.75 per cent a month ago……………………………………….Full Article: Source