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Announcement for Owners of GTU

Dear Subscribers,

 

Some of you may own shares of GTU (Central Gold Trust), a smaller, gold-only "sister fund" of CEF. There is currently a proxy battle being waged against GTU, and Ian McAvity, a friend of Richard’s and one of the founders of CEF & GTU, has asked Richard to alert his readers to this issue, and urge holders of GTU to vote. Here is a link to a website that clearly and succinctly explains the issues involved Reject Polar

 

Additionally, this article reports on why ISS (Institutional Shareholder Services) has recommended that its clients vote to reelect current management  ISS

 

Finally, in Ian McAvity's words:

 

I have no problem with the acceptance by the market of a Sprott PHYS-type ETF modeled vehicle in which every investor knows what they are buying. There are many different types of alternative gold and silver vehicles with individual characteristics that have launched in recent years. 

 

It is the ... Log in or subscribe to continue reading.


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