Fund rebates after account closed

Severai

I'm not experienced with investing, so I'm hoping someone can shed some light on what's going on with one of my late mother's investments.
My mother died sixteen months ago, and I'm the executor of her estate.  Probate was granted last May and all accounts notified and settlement requested, including a Stocks and Shares ISA with Bestinvest.  The shares (BNY Mellon Investment Funds) were sold and the account closed, and monies released to me, in June last year.
However, since then, small quarterly payments have been made by Bestinvest to the executor account.  I've contacted Bestinvest to check that they weren't made in error, and they've sent me back a spreadsheet showing the payments and that they are unit rebates/fund rebates.  The good thing is that Bestinvest clearly don't think they're making payments to me in error and don't need the money back.  The bad thing is that I don't know why rebates are made on an investment account that was closed 9 months ago, and attempts to Google it haven't resulted in anything useful. I'd just really like to know what's going on.

Has anyone here come across this before, or can explain why this is happening?
Thanks!

dunstonh

 The shares (BNY Mellon Investment Funds) were sold and the account closed

Its unusual to close an investment account straight away.  Normally they remain open for a period to allow any residual income to arrive and be distributed.

The bad thing is that I don't know why rebates are made on an investment account that was closed 9 months ago, and attempts to Google it haven't resulted in anything useful. I'd just really like to know what's going on.

Rebates often lag.   3 months is not uncommon.   Dividends/interest is normally 2 months.

If they are still arriving in 2025, then something doesn't sound right.

Severai

dunstonh said:

 The shares (BNY Mellon Investment Funds) were sold and the account closed

Its unusual to close an investment account straight away.  Normally they remain open for a period to allow any residual income to arrive and be distributed.

The bad thing is that I don't know why rebates are made on an investment account that was closed 9 months ago, and attempts to Google it haven't resulted in anything useful. I'd just really like to know what's going on.

Rebates often lag.   3 months is not uncommon.   Dividends/interest is normally 2 months.

If they are still arriving in 2025, then something doesn't sound right.

Exactly!  The timescale is what's confusing me.  At first I presumed that the payments were just leftover income or dividends accrued before the funds were sold - but there's been four quarterly payments now (Jul, Oct 2024, Jan, Apr 2025) which got me worried that there'd been an error, and is why I contacted the investment managers.  I was expecting them to come back to me with the equivalent of 'Oops, our mistake, thanks for pointing this out' but they're acting as if this is normal in this situation.
The first three payments were in the region of £20-50, but the most recent was £220 and seems to be based on cash receipts of unit/fund rebates on ten different dates between Jan and April this year.
Strange.

Thanks for your reply