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.
The Strategic Review, which included an assessment by CIMB Bank Berhad, Singapore
Branch (CIMB) and consultation …