re: Ann: Request from members to hold a gener...
I think that is effectively what is proposed. ie,
"Under the Proposal the net cash currently held by MXQ will be distributed to unitholders"
This is slightly better than the current situation where net cash will be distributed minus wind-up costs.
Under the proposal, unitholders will will also retain units in the new entity.
This seems like a win-win situation for current unitholders.
They will also have the opportunity, if they wish to "apply some or all of their cash entitlement under the Capital Return to subscribe for new units".
MXQ Price at posting:
15.5¢ Sentiment: None Disclosure: Held