Crystal Amber Fund, the AIM-listed, activist fund, has reported that preliminary discussions have been initiated with some of its major shareholders regarding the potential to finance further investment opportunities through a secondary issue of shares.
The board said that by increasing the size of the fund, it would be able to acquire larger holdings to potentially increase its influence and invest in a wider portfolio of companies while also providing greater liquidity for shareholders.
The fund, which is registered in Guernsey, takes stakes in undervalued companies and then takes action to enhance their value.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Over the 2012 calendar year, the fund's net asset value (NAV) per share rose 35.3%, and a further 6.8%, over the three months to March 31st 2013.
Crystal Amber's share price was up 1.72% to 118p at 10:02 on Tuesday.
MF
-
Christmas at Chatsworth: review of The Cavendish Hotel at BaslowMoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
-
Tycoon Truong My Lan on death row over world’s biggest bank fraudProperty tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
