Absolute Equity Performance Fund has received a non-binding proposal from its investment manager Bennelong Long Short Equity Management. The proposal, aimed at closing the discount of AEG’s share price to its net tangible assets (NTA), would see AEG amalgamated with the unlisted Bennelong Market Neutral Fund.
Under the proposal, AEG shareholders would receive units in the Bennelong fund and AEG would be wound up.
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