This proposal is a crock of olde shite.
The knuckle draggers at Evans Dixon should hang their heads in shame.
They are proposing for unit holders to accept an off er of $1.97 per unit when the current post tax NTA is $2.28
Then to rub salt into the wound they want unit holders to wait 12 months for 15% about 30 cents of the offer price in case of claw backs.
And they have the gall to say it is for liquidity reasons as some unit holders want their cash back. So in the interests of liquidity they want unit holders to take a 27% haircut today and then forgo any upside of the remaining US investments.
Who dreams up these proposals, what a complete wank. Shame Evans Dixon shame.
Ann: Notice of Meeting, page-2
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