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clock Created with Sketch. 10/10/22
11:55
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Originally posted by friendlydwarves:
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Section 5.7 is very interesting indeed.Following 30 June 2022, the Limited Partnerships in the CD Private Equity Fund Series made distributions to Fund I(US$3m), Fund II (US$10m), Fund III (US$14m) and Fund IV (US$13m). These distributions are currently in each respective Funds’ bank account and up until the meeting dates, there will be no further distributions by any of Fund I, Fund II, Fund III and Fund IV to their unitholders.
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I wonder if they canvassed thoughts of major shareholders. This is the second deal in the last few years that they have brought to the table. I was initially optimistic on their initial announcement but the detail in the booklet doesn't give me much comfort. I have been happy taking my distributions for the last few years on CD3 and would not have minded if we merged all the funds together (to spread costs) but continued to wind down.
