Ann: Merger Proposal Update, page-10

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daicosisgod

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17/10/22

08:44

Post #: 64227646
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Originally posted by friendlydwarves ↑

Just one week on and they must have:
1. been utterly roasted with terrible feedback; and
2. already formed the view that the vote is doomed to fail unless something changes drastically.

But even with this change it's still a shite deal for CD1 and CD2 particularly, and only very slightly less shite for CD3. Key residual issues off the top of my head:
1. If the funds all retain the status quo, 1/2/3 holders will get a big fat payment in the near term. If the merger occurs, we all get zip till Dec 2023.
2. The redemption funding - and, again, they're still only planning to commence redemptions from Dec 2023 - will largely come from 1/2/3. Holders of 4 will hugely benefit from a merger, to the detriment of 1/2/3 holders.
3. E&P will still be pillaging us for FEES FEES FEES FEES FEES NOM NOM NOM GIMME MORE FEEEEEEEEEEEES.

I can't see any way that they could adjust the deal to make it a good one for any of 1/2/3.

VOTE NO!

Expand

I am a big holder of two of these funds and will be voting both blocks of units as no.

This deal is an absolute crock of shite and an insult to investors.

Shame on Peter Anderson for allowing this shite proposal to ever see the light of day.

CD3 Price at posting: $1.35 Sentiment: Buy Disclosure: Held
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