Bell Potter Securities has withdrawn as the underwriter of MyState Ltd's dividend reinvestment plan.
Bell Potter advised MyState that it was exercising its termination rights under the A$7 million partial underwriting agreement "following significant market volatility".
MyState said that the DRP "remains active" for its interim dividend, which will be paid on April 2.
The Tasmanian-based financier reported a rise in ROE, net interest margin and net profit over the half-year to December 2019.