Weiss Korea Opportunity Fund (WKOF) has published a circular containing details of a ‘realisation opportunity’. When WKOF was launched in 2013 it committed to offer Shareholders a realisation opportunity on or prior to the fourth anniversary of the WKOF’s admission. WKOF also committed to offer similar opportunities every two years thereafter unless it has already been determined that the Company will be wound-up.
WKOF says that all of the Directors and personnel associated with the Investment Manager (who collectively own 10.05 per cent. of the Company’s issued share capital as at 17 March 2017) intend to continue their investment in the Company and do not intend to participate in the Realisation Opportunity in respect of all or any part of their respective shareholdings.
Weiss Korea Opportunity Fund announces realisation opportunity : WKOF