They have a good sense of irony
“a responsible entity unrelated to the negative sentimentthat has prevailed over the USMasters Residential Fund (URF.ASX) (for which E&PIL is the responsibleentity), which maybe a contributing factor to the discount to NTA at which [each CD] Fund trades”.
“you may choose to vote against the Proposal if you do not consider that the benefits [with K2] described abovewill be superior to the existing Responsible Entity remaining in place. WHAT?! You mayalso prefer the existing governance and services provided by E&PIL WHAT?!
“the [CD funds] Merger Proposal was withdrawn on 31 October 2022 due toUnitholder feedback”... and proxies runningat 85%+ AGAINST.
“some of the disadvantages of the Proposal include: -.E&PIL has considerable knowledge of the Fund, its operations, and itsportfolio, which may take time for K2 toreplicate; I certainly hope that K2 does not "replicate" E&PIL.
- some Unitholdersmay prefer that existing arrangements with and services provided by E&PILremain in place”; There is every reason to change RE and no reason to remain with status quo.
We must hope that, under K2, disclosure practices will improve in timeliness and quality.
Ann: KAM: Proposed Responsible Entity appointment, page-3
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Last
$1.18 |
Change
0.000(0.00%) |
Mkt cap ! $84.99M | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.19 | $1.18 | $66.37K | 56.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11360 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 500 | 1 |
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| Last trade - 10.31am 25/06/2025 (20 minute delay) ? |
| CD3 (ASX) Chart |