The meeting documents are going to be a very interesting read to...

The meeting documents are going to be a very interesting read to say the least...if they expect investors to choose between the two options, then the detail will need to be covered off in full (eg swap issues, wind up cost, liquidity, etc).

Agree. But Everest Management can hardly be expected to provide details on wind-up cost, since they will not be responsible for winding up any vehicle.

Also, how they will equitably split the assets and liabilities between holders in EBI and those going to the new vehicle.

Pro-rata according to unitholder elections, surely.

A large number of "700 shares" investors may rush to the exit...???

Maybe, but these investors will not impact the price, since they hold so few of the shares by number.