They initial managers presentation promoted the benefits of this investment strategy over winding the fund up and giving investors their money back. Promising to narrow the NTA gap.
Holders who invested in FAT, had no choice but to go along with this unless they wanted to sell their stock at a fraction of NTA.
NOTE TO MANAGEMENT: Holders would just prefer you wind this fund up and return our money. All your doing is locking away our NTA value, and charging a whopping fee for the privilege. Holders want the choice of where to invest our money ourselves, not be trapped in by greedy management.
AAARRRGGGG!!!
MEF Price at posting:
61.5¢ Sentiment: Hold Disclosure: Held
