CVF contrarian value fund limited

Ann: Results of 2020 AGM, page-6

  1. 5,558 Posts.
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    It IS pea and thimble. 9 cent divvy and 61 cent return of capital
    How much of the remainder do you think you will get ?
    The answer is that we don’t know...
    We know that we get 9 cents div, we know that we get 61c rtn of capital now, but what we dont know is how much of the remaining capital we will get, possibly when the dividend may have been already taken out from the capital.
    The maths is not clear, just exactly what was the total amount less charges to be distributed ? And was there any mention of a dividend of that magnitude ? And where did the dividend come from ?
    What CVF has done is to temporarily buy us off... and to buy them time.
    @danhoff, it’s not over till it’s over ! Yes, the action proposed by Miles may not have got up; and contrary to your opinion, we never were going to be transferred “into the hands of another pea and thimble mob” !
    Miles IMHO was trying as hard as he could to have fees reduced which would have benefited both him and us.
    Yep, you get 70 cents for Xmas...... what you don’t know (and have absolutely no control over) is how much of the remainder you will get and in what form..... (after their “management” charge.......)
    Last edited by peejay2: 15/12/20
 
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