It sounds like you're unaware there is also (still) a relatively small UNLISTED Aus Forager fund that has continued since the main unlisted Aus Forager fund morphed into the current listed FOR Aus fund? It seeems like Forager want to wind up the small unlisted Aus fund but to do that the FOR listed fund may need to buy most/all the shares in the unlisted fund (from
memory about $24M in a portfolio with almost the same weightings as FOR). So the current entitlement issue for FOR is presumably to raise enough cash to allow FOR to buy out shares in the unlisted fund. For some reason, they are not saying that is what they will definitely do possibly because they want to maintain the flexibility to possibly sell some of the shares on market or directly to another fund? Just my thoughts?
FOR Price at posting:
$1.62 Sentiment: Hold Disclosure: Held
