Shareholders reject extraordinarily expensive Altin bid


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Originally published at: http://whichinvestmenttrust.com/shareholders-reject-extraordinarily-expensive-altin-bid/
Shareholders rejected an attempt to liquidate approximately a third of the fund to pay a huge dividend that would have invoked a massive tax bill for them but not for the bidder. At an EGM (Extraordinary General Meeting) in Switzerland, where Altin AG, a fund-of-hedge-funds, listed both in London and Switzerland, is based, shareholders rejected…