This morning I received an email from Macquarie International Infrastructure Fund (MIIF) a 10% yielder on my Dividend Stock Tracker (see the rest of the yield stocks here), saying it has completed its strategic review carried out with CIMB.
For those following the saga, 2 prominent fund holders in MIIF want to add 3 directors to the board because they feel MIIF is not working fully to maximize shareholder benefits.
They stoutly refuses, and pen a letter telling the share holders to reject voting the 3 directors in because it will “affect the management negatively”.
Alas, they got their wish, but not before a lot of share holder disgruntment.
They reluctantly did a strategic review with CIMB to find out how best to move forward.
This is the result of their strategic review.
Read the full article →
The Strategic Review, which included an assessment by CIMB Bank Berhad, Singapore
Branch (CIMB) and consultation …