Bit of a strange one from WAM Cap's perspective. The new fund is going to essentially do what WAM Cap did with AYS, CIE and CLF. Which means WAM Cap most likely won't be doing these takeovers, although I expect it will take a holding in the new fund. Where then will WAM Cap get franing to maintain its current FF div. These takeove companies were a source of free franking.
Also strange timing given there are CR's in 2 other Wilson funds through option isuues at the moment. Will shareholders support all three?
Thoughts on the new Wilson Fund, page-3
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