Ann: Becoming a substantial holder from CGF, page-3

Arbitrageur if you look at their income fund mandate. And whilst you're there, check out how poor their returns have been.
I'm not surprised considering how hard they've gone at acquiring AYS shares, jumping the bid to the low end of the pay-out range.
Return free risk if it materialises that way for the next 11 months (by the time all payments are received and franking credits claimed).