OPH 1.09% $2.77 ophir high conviction fund

Ending the CEF Dividend Reinvestment at NAV ripoff, page-7

  1. 34 Posts.
    lightbulb Created with Sketch. 25
    My prior post with Ophir's email back and forth re the DRP ripoff was deleted:

    <<
    *Removed* this post has been removed from public view (24/08/2023 17:03:20) because of (Breach of HC TOU) Comments: privacy concern
    >>

    Here's what the Terms of Use says re privacy: That users agree not to post content that is " invasive of another's privacy"

    I'm reposting the content without the Ophir email address. Let's see what happens with Ophir's "treat 'em like mushrooms" strategy:

    CaptiveCapital & Ophir Communication Timeline:
    1. I published this post on their DRP at NAV ripoff and sent it to Ophir asking them to end it. https://www.captivecapital.org/2023/08/captivecapital-ends-cef-dividend.html

    2. Ophir Asset Management had a staff member email me saying:
    "Is there a good time to give you a call regarding your query below? Please just let me know if that is the best number to contact you on."

    3. I sent this response:
    <<
    Thanks for the reply. I'm not seeking a phone call.

    Ophir can:

    (1). Change its DRP to be fair to unitholders (not ever issue shares at NAV when OPH is at a discount) and communicate this change.

    (2). Not eliminate this DRP unfairness; at least for now. This won't last, though.

    If doing (1), feel free to also email me when published on your website so I can confirm and update my site.

    If doing (2), and you wish to email some response I can publish on my website, feel free.

    I've attached a link to RF1's DRP booklet for reference. OPH may not need a whole booklet, but can at least amend the PDS (and any other docs) with DRP at NAV references.
    >>

    4. The Ophir rep replied with:
    "The reason I was suggesting a call is it’s not clear all the relevant factors may have been considered in arriving at your conclusion. There are a couple of other crucial elements that I am happy to discuss with you that we believe would alter your position. Is there a time you are available to discuss?"

    5. I responded:
    <<
    Please bullet point the crucial elements in an email.If it proves worthwhile to discuss on the phone, I will then arrange a time.
    >>

    6. Ophir Asset Management has not responded to that email.

    7. Ophir may well have been involved in having my prior post with these insightful emails deleted from Hotcopper under spurious "invasion of privacy" reasons. If so, quite a revelatory indication of their ethics.
 
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