I wonder how long "in due course" is? More than 2 months?
The silence since the annual report seems to be heading towards a remuneration strike which amazingly they avoided last year.
Last year chairman's address noted that the portfolio was not conducive to the daily liquidity option that some LICs have moved to open ended listing on the ASX. - Much of the TGF portfolio is very liquid, surely the part that is not could be carved out somehow if really necessary, if the Monash LIC ( smaller and less liquid) all those years ago could do it why not TGF? The board could at least have the decency to provide some analysis in this regard.
They also noted last year changing structures this way could potentially have some tax consequences that they have NOT even bothered to look into. Well first they use the word potentially, and if a board does not even bother to look into such things what are they there for?
In previous presentations they pointed to their dividends in FY23 citing this as the way to move forward being a key ingredient needed to close the discount to NTA. Lack of dividends since has been a clear failure on this point also.
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