VOTE NO – VOTE AGAINST ALL RESOLUTIONS
CURRENT MANAGEMENT DRIVING UNITHOLDER VALUE
AURORA HAS IMPLEMENTED CLEAR STRATEGY TO ADDRESS TRADING BELOW NTA
WAM’S PROPOSAL TO REPLACE RESPONSIBLE ENTITY JEOPARDISES STRATEGY WITH NO STATED ALTERNATIVE
PROPOSED REPLACEMENT RESPONSIBLE ENTITY ALSO HAS NO KNOWN STRATEGY/AGENDA
WAM’S INTENTIONS UNDISCLOSED
By now you would have received a Notice of Meeting scheduled to be held on 6 December 2016 (2nd Meeting) from entities associated with Wilson Asset Management (WAM), seeking to replace your Responsible Entity (RE) Aurora Funds Management Limited (Aurora).
The Directors of Aurora are considering the validity of the Notice of Meeting and the eligibility of those entities stated to have convened the 2nd Meeting.
In the meantime, the Directors strongly recommend that you vote your Units AGAINST all resolutions set out in the Notice of Meeting, and an additional proxy form accompanies this letter which allows you to appoint a representative of Aurora as your proxy to do so should you be unable to attend the meeting.
HHY’s performance under Keybridge/Aurora management has been strong, as evidenced by a 17.27% return after taxes and management fees for FY16.
Read more here.