Below is an extract from when the management agreement was accepted by the shareholders in 2020.
"Premium Target: during the initial term, if the Company fails to meet the Premium Targeton at least three occasions, the Board will propose a special resolution to Shareholdersto approve the termination of the New Investment Management Agreement and theliquidation of the Company at the next general meeting of the Company after the fifthanniversary of the Effective Date;(If the Company terminates the New Investment Management Agreement in accordance" From memory, the fifth anniversary will be towards the end of 2025. Perhaps a number of alternatives could be proposed on the way forward if the premium target is not met (which is likely to be the case.)
WMA Price at posting:
97.3¢ Sentiment: Hold Disclosure: Held
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