Dexion has announced that 95 per cent of shareholders have voted in favour of the Dexion Absolute GBP fund, making it the second fund to pass its continuation vote.
Dexion has announced that 95 per cent of shareholders have voted in favour of the Dexion Absolute GBP fund, making it the second fund to pass its continuation vote.
Three share classes did not pass the vote: US dollar, euro and Australian dollar.
The firm's board says it will formulate redemption proposals to put forward to USD, EUR and AUD shareholders within the next two months.
It adds: 'The board wishes to note that it has been made aware of certain issues raised by some shareholders during the continuation process and that it will be actively seeking to address such concerns, as far as practicable. In this regard, as previously stated, the board remains committed to maintaining an active discount management policy and ensuring that the company and the portfolio continue to be run in the best interests of shareholders.'
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