CVF contrarian value fund limited
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News: CVF Contrarian Value Fund Updates On Sale And Distribution Proposal

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    09/12/20
    22:00
    Post #: 49467265

    Dec 9 (Reuters) - Contrarian Value Fund Ltd (CVF) :

    • UPDATE ON SALE AND DISTRIBUTION PROPOSAL
    • IF SALE & DISTRIBUTION PROPOSAL APPROVED, CO ESTIMATES IT WILL DISTRIBUTE ABOUT $1.07 PER SHARE PRIOR TO 31 JAN 2021
    • GLOBAL VALUE FUND IS ADVOCATING AGAINST THIS OUTCOME
    • DIRECTORS VIEW THIS ACTIVISM AS ATTEMPT BY GVF TO SEIZE CONTROL OF CO WITHOUT OFFERING TAKEOVER PREMIUM
    • DIRECTORS UNANIMOUSLY RECOMMEND SHAREHOLDERS TO VOTE FOR RESOLUTIONS 1 TO 6
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