AIMS Fund Management advises unitholders to hold off action on winding up bid
Add BT as a preferred sourceAIMS Property Securities Fund's responsible entity (RE), AIMS Fund Management, has received a notice of meeting, explanatory memorandum and proxy form from boutique Australian firm Samuel Terry Asset Management calling a general meeting of unitholders to vote on winding up the fund.
They disclosed this two days after Samuel Terry launched another attempt to wind up AIMS Property Securities Fund, less than two years after its previous bid. This time around, Samuel Terry is pairing up with another unitholder, fellow Sydney fund manager Sandon Capital Investments, to call for a winding-up vote in Sydney on Dec 10. The pair, as well as their related parties, together have a voting share of roughly 18.6 per cent.
AIMS Fund Management said on Wednesday it is seeking advice on the contents of the notice of meeting to determine its validity.
