Why not deal directly?, page-14

Yoda. The reading of that document suggested to me that after 5 years it is forever BUT the Board could terminate on 30 days notice ( like an institutional mandate ). No reasons needed

Before then either the Bostd initiated, ( never happen with recent Board, or the new one ) or 5 percent of Shareholders call an EGM - as happened last March - and IF the shareholders can win a vote - no CGA, no new IMA, and new Directors acting only for shareholders rather than fund managers and friendly brokers

And the brokers put many of recent shareholders into CTN, and probably got thousands of votes last time through their sales staff. And they have a big patch to protect also. Replacing FUM "lost" by "greedy" shareholder not taking up DRP plans. Occasional placements to grow FUM usually at a discount To new shareholders So there is more than Fund Managers living off the LIC's system
DYOR