The rights issue which occurred in the PIF is discussed here (see 158 onwards,on page 45 onwards..)
I feel that having allowed these new units into a fund such as ours threatens the power of our vote, for surely when a unit comes in at a fraction to what we paid, their interests and ours cannot be the same?
While it is good to see that there is some discussion about what occurred in general, I am disappointed that there seems to be no interest in discussing the fallout that we now live with.
Not happy !
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