Ann: Half Yearly Report and Accounts , page-8

i am not sure the fund is in 'WIND UP" MODE, only it is in wind down mode until debt repaid. after that i think there may be a vote to either continue investing and pay divs, or wait for investments to be returned and give capital back as per AYT.
the problem is that assets will take a long time to mature, and selling them is difficult since they are illiquid.
hence i think the market price factors in a long time for capital return.
however the overheads of 2 mil pa simply take too much of the interest returns to be paying a fair % div. originally it was supposed to be a geared fund and costs would not represent such a a large portion of debt.

anyway, i hope this debt officer is not going to cost us another million, because all we want is to pay the 40 mil back at NPV = 32 mil, and no early payment penalty, its a pretty simple strategy really.