I like your response. To make a offer of NAV to those "wanting "...

I like your response. To make a offer of NAV to those "wanting " out may have been very unfair and not possible. Id love to know how to do it.
Could it be done? These funds have a lot more knowledge, experience and resources that we could not even dream to have. We often go off and rant and rave (not you) and with expectations that if you really thought about it, may have many faults.

Lets look at your option here. If they offered all those wanting out 100% less costs. What are the costs, given a % windup.?
How does that impact the remainder?
How does a fund manage its expenses with a outfall? It cant budget as its income in then more unknown.
But the greater threat is the opportunity for the opportunist.
That is to sell out and then keep buying back in and thus you would have a arbitrage. I could sell for 98 cents and get my money and buy more again at say 85 cents.

I think they offered their best and im not privy to the details they all have to consider. Im not happy its closing and have held a very long term hold on this. My only purchase since issue was last year close to the peak.... i get that wrong!.

I cant leave my funds in passive investment for an unknown period.
But that's irrelevant, as I was simply selling down for another exposure that has continued to exceed my expectations.