Pretty much indefensible this one - selling CIE under NTA with potential change of control as well. At the very least some sale of underlying holdings, divvy and a DRP would probably get them out of CIE at under less than 3% loss.
Wonder if CTN or the management group hold any CIEO options still.
News: CTN Contango asset management announces sale of Contago Income Generator Limited, page-6
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