Announcement for Owners of GTU
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.
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