On August 14, Goodman Funds Management (GFM), a subsidiary of Goodman Group (Goodman), proposed an increase to the margin on the Goodman PLUS hybrid securities it issued in 2007 – in lieu of their redemption at the first remarketing date next year. If the proposal is accepted by securityholders, the margin on the A$325 million (US$341.8 million) hybrid will be increased to 390 basis points over bank bills from the current 190 basis points.