I believe it would be bad for HHY holders. Its more about management fees. If KBC get to put there own managers in they will charge management fees and rather than release the cash to holders of HHY they will re invest and charge fee for doing so. HHY holders will have to hope the investments are good or they will end up with less than the current expected 11 cents . doesn't sound good. Any it doesn't cost them anything . They have purchased 12% at the NTA of HHY , which means if they don't get control they will just wait and get there money back any way no risk to them .
Tax losses are far from easy to maintain . Possible but not assured. HHY holders should really consider wether they are will to trust KBC as investors and know that they will be paying for it
HHY Price at posting:
11.2¢ Sentiment: Hold Disclosure: Held
