Ann: Proposal from Brookfield to acquire units in the Fund, page-2

I just saw this cheeky little proposal from Brookfield that appeared late on Friday afternoon.

This won't require much thought on my part. NTA/unit at end June 2014 was $6.37 and underlying earnings net of asset revaluations and hedges are significantly higher than the 2% distribution, which will continue to drive NTA/unit in a favorable direction.

I won't be accepting the miserable $5.50 on the table and I won't be paying any heed to the Independent Expert, KPMG, who is being paid to argue in favor of accepting the offer.

Make a fair offer, Brookfield, or liquidate the fund and distribute the assets.