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Gencap hela fund
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Impunity
#21 Posted : Monday, June 27, 2016 3:31:22 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
DtheK wrote:
The latest "Dear Client,

We refer to our previous announcement on 8th June 2016 on the upcoming Unit Trust AGM to be held on 28th June 2016 at Goan Gymkhana from 8.30AM.

Kindly note there has been an amendment to the AGM Notice to incorporate the current position of the GenCap Unit Trust Funds.

In this regard, a resolution to ammend the Trust Deed to allow for partial redemption of units by the Fund Manager will be tabled for adoption by Unit Holders at the AGM.

Attached please find the amended AGM Notice/agenda, proxy form and the resolution to be passed at the AGM.

Thank you for your patience and support.

Regards,
"
Will try to attend


Sad Sad Sad
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Plimsoul
#22 Posted : Monday, June 27, 2016 3:48:26 PM
Rank: Member


Joined: 3/3/2016
Posts: 132
Impunity wrote:
DtheK wrote:
The latest "Dear Client,

We refer to our previous announcement on 8th June 2016 on the upcoming Unit Trust AGM to be held on 28th June 2016 at Goan Gymkhana from 8.30AM.

Kindly note there has been an amendment to the AGM Notice to incorporate the current position of the GenCap Unit Trust Funds.

In this regard, a resolution to ammend the Trust Deed to allow for partial redemption of units by the Fund Manager will be tabled for adoption by Unit Holders at the AGM.

Attached please find the amended AGM Notice/agenda, proxy form and the resolution to be passed at the AGM.

Thank you for your patience and support.

Regards,
"
Will try to attend


Sad Sad Sad


What does mean, amending the trust deed to allow partial redemption? They want the right to refuse withdrawal?

When will we get a CMA that is proactive and puts investor interests top of the agenda?
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Chaka
#23 Posted : Monday, June 27, 2016 3:54:44 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
DtheK wrote:
The latest "Dear Client,

We refer to our previous announcement on 8th June 2016 on the upcoming Unit Trust AGM to be held on 28th June 2016 at Goan Gymkhana from 8.30AM.

Kindly note there has been an amendment to the AGM Notice to incorporate the current position of the GenCap Unit Trust Funds.

In this regard, a resolution to ammend the Trust Deed to allow for partial redemption of units by the Fund Manager will be tabled for adoption by Unit Holders at the AGM.

Attached please find the amended AGM Notice/agenda, proxy form and the resolution to be passed at the AGM.

Thank you for your patience and support.

Regards,
"
Will try to attend


Is thia partial redemption of units t be done on behalf of the unit holder?
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maka
#24 Posted : Monday, June 27, 2016 4:21:50 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Plimsoul wrote:
Impunity wrote:
DtheK wrote:
The latest "Dear Client,

We refer to our previous announcement on 8th June 2016 on the upcoming Unit Trust AGM to be held on 28th June 2016 at Goan Gymkhana from 8.30AM.

Kindly note there has been an amendment to the AGM Notice to incorporate the current position of the GenCap Unit Trust Funds.

In this regard, a resolution to ammend the Trust Deed to allow for partial redemption of units by the Fund Manager will be tabled for adoption by Unit Holders at the AGM.

Attached please find the amended AGM Notice/agenda, proxy form and the resolution to be passed at the AGM.

Thank you for your patience and support.

Regards,
"
Will try to attend


Sad Sad Sad


What does mean, amending the trust deed to allow partial redemption? They want the right to refuse withdrawal?

When will we get a CMA that is proactive and puts investor interests top of the agenda?


Maybe not in our lifetime....
possunt quia posse videntur
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DtheK
#25 Posted : Monday, July 04, 2016 9:58:58 AM
Rank: Member


Joined: 2/15/2010
Posts: 117
Location: Kenya
Didn't attend A.G.M but I am informed you can withdraw up to 29% of funds.
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Runner
#26 Posted : Monday, July 04, 2016 12:43:01 PM
Rank: New-farer


Joined: 3/31/2014
Posts: 24
DtheK wrote:
Didn't attend A.G.M but I am informed you can withdraw up to 29% of funds.


I attended the AGM. It was a heated one and was not yet over by the time I left at 1:30pm.

Below is the exposure to Chase Bank (overall 64% in both cash at bank and investments since Chase was also the Custodian Bank).



Now, as per the image below, there is an amount that is available for distribution from securities that have matured outside what was held by Chase Bank at 296 million. It is this amount that the Board would like to distribute to unitholders. However, the Unit Trust Deed in its current form only allows for full redemption (a unitholder gets the full amount they've requested for).

The amendment to the Trust Deed to allow for partial redemption will allow for the distribution of the 296 million, majority of which was held in the money market fund. Therefore, the 29% being alluded to is calculated as per the image below:



It is my first time to post an image, so I hope the photos can be viewed.
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munertrehga
#27 Posted : Tuesday, July 12, 2016 1:24:27 PM
Rank: Hello


Joined: 7/12/2016
Posts: 2
Established with the goal of providing one-stop-shop environmental solutions to commercial, industrial, and institutional customers across Canada, GFL is the only major Canadian diversified environmental services firm to provide services in solid waste management, soil remediation and liquid waste management, gfl.
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Sufficiently Philanga....thropic
#28 Posted : Tuesday, July 12, 2016 3:14:21 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,218
Location: Sundowner,Amboseli
munertrehga wrote:
Established with the goal of providing one-stop-shop environmental solutions to commercial, industrial, and institutional customers across Canada, GFL is the only major Canadian diversified environmental services firm to provide services in solid waste management, soil remediation and liquid waste management, gfl.

You belong to Mathare Mental HospitalShame on you Shame on you Shame on you
@SufficientlyP
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stairlifts
#29 Posted : Wednesday, July 13, 2016 1:25:42 PM
Rank: Hello


Joined: 7/13/2016
Posts: 2
Location: usa
Natural gas has often been praised as a clean energy alternative because it burns more cleanly than other fossil fuels, emitting lower levels of harmful emissions such as carbon monoxide, carbon dioxide and nitrous oxides, active business services. In our environmentally conscious day and age, natural gas is emerging as a leader for many reasons, one of which is it produces less greenhouse gases than other fossil fuels do. It also doesn’t produce ash or particulates that cause health problems.
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washiku
#30 Posted : Wednesday, July 13, 2016 3:22:21 PM
Rank: Chief


Joined: 5/9/2007
Posts: 13,095
stairlifts wrote:
Natural gas has often been praised as a clean energy alternative because it burns more cleanly than other fossil fuels, emitting lower levels of harmful emissions such as carbon monoxide, carbon dioxide and nitrous oxides, active business services. In our environmentally conscious day and age, natural gas is emerging as a leader for many reasons, one of which is it produces less greenhouse gases than other fossil fuels do. It also doesn’t produce ash or particulates that cause health problems.


"HELLO", There...
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