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Michael's avatar

An entry for Watchlist #5, methinks:

Weiss Korea Opportunity Fund (WKOF) Investment trust

Following the publication of the Circular (https://www.investegate.co.uk/announcement/prn/weiss-korea-opportunity-fund-ltd--wkof/publication-of-circular-and-notice-of-egm/8785972) to adopt New Investment Objective and Policy and todays EGM - both of these resolutions have been passed.

Background to and reasons for, the Proposal

As announced on 4 November 2024, having been notified by the Investment Manager that it believes that the opportunity set and strategy for the Company continuing in its current form is less attractive than it has been in the past, including at the Company’s inception in 2013, and that the Investment Manager does not think this change in circumstances is likely to improve in the foreseeable future, the Board commenced a strategic review to consider the future of the Company and explore the strategic options available.

Indicative returns for Shareholders and estimated timescales

The Investment Manager has confirmed that, as the Portfolio consists of liquid and less-liquid assets, it will take varied periods for the assets of the Company to be realised in an orderly manner that aims to achieve a balance between seeking to obtain the best achievable value for those assets and making timely returns of capital to Shareholders. In the absence of unforeseen circumstances and based on current and anticipated market conditions, the Investment Manager is currently estimating that all but the most illiquid assets in the Portfolio could be realised within two years. Further, the Board anticipates, in consultation with the Investment Manager, that a first return of capital will be made to Shareholders by the end of June 2025.

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Brian's avatar

Are you tracking how these are doing anywhere? I wasn’t sure if there’s a spreadsheet that maybe I missed.

Thanks, and great work

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