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clock Created with Sketch. 28/08/18
14:53
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Originally posted by SimonGr
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Ok ... I better own up. I sent an email to Geoff and FGG a couple of months ago suggesting a SPP at pre-tax NTA. However, I’d suggested a proportional rights issue rather than this $15k retail limit and open ended for wholesale. I’d think that it was on their minds anyway and perhaps other holders suggested it to ... so not claiming credit/blame!
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I forget where, but Geoff said somewhere he wants these Future gen funds to give (my memory) $30m to charity a year. Currently they give around $6/7m - so you not sure a cap applies to be honest. He'd just add other managers, do more rights issues.
(20min delay)
