* Disclaimer, as a Canadian Investor I am no longer able to add to my position via the OTC market. As a result, I buy into the current NAV discount opportunity. I had accumulated a small position in 2018 with the average price of $.60
Quick update:
This closed-end fund is winding down in a year. The current book value per share (as of June 04, 2021) is $1.099 (USD) and the stock is trading for $0.57 (USD).
The NAV discount opportunity just got even better since the last posting of the topic. It is important to highlight the fund owns a lot of illiquid African public and private companies. These stocks should benefit from a reflation/reopening trade that is currently the active theme within the market.
The management is significant shareholder in the fund and the incentive aligned is shareholder friendly for a winding down process.
May Monthly Report
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