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Little appetite for Gulf Investment’s tender

As we had expected, given its strong track record and relatively small discount, there was little appetite for Gulf Investment Fund’s latest tender offer.

The tender pool determination date was set at 11 April 2023. As at that date the final tender offer asset value was $492,144.60, giving a tender price of $1.9555 per share.

The 251,672 tendered shares will be cancelled.

It is expected that the proceeds payable to shareholders who tendered shares will be made on or around 21 April 2023.

GIF : Little appetite for Gulf Investment’s tender


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