it’s in the interest of remaining unit holders for them to do this. A stampede on day 1 of delisting will hurt performance. Turning it into a trickle for the first 6 months will be better for long term holders. I’m supportive of it and at the end of the day you’ll be able to withdraw at NAV unlike many of the LICs that have traded at a discount for many years.
FOR Price at posting:
$1.47 Sentiment: Buy Disclosure: Held