Ann: Net Tangible Asset Backing, page-20

Thanks for the article link. The parts below were more interesting to me.

"Listed fund manager John Bridgeman has opened subscriptions for a new listed investment company (LIC) to focus on high-conviction, global macro strategies.
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"John Bridgeman was seeking a maximum $20 million in capital from investors ahead of BHL’s listing on the ASX on 3 May."

I thought HML holders has priority allocation to BHL? I haven't received anything in the mail regarding subscriptions to BHL.