Not exact matches
Common shareholders also have
lower priority for payback than preferred
shareholders.
In some cases, a
lower valuation with
lower preferred share rights may yield a higher economic outcome for
common shareholders than a higher valuation with a high level of preferred share rights.
There was only a statement that the liquidation proceeds for
common shareholders would not be less than the
lower end of NAV estimated as of the end of the first quarter, $ 13.79 per share.
On top of the manager's stock selection skills and the fund's distinctive portfolio, I'd commend them for a very
shareholder friendly environment — from the very
low expenses for such a small fund to their willingness to close
Common Stock — and for really thoughtful writing.
I get that the proposed Australian carbon tax goes half to some bumptious government programs and only half to the
shareholders of CO2E, and is set at an absurdly
low arbitrary level with no real plan for right - pricing this
common asset, so is bound to satisfy no one.