Fund Liquidation
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WESFX INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Wildermuth Fund
Newsfile· 2025-11-11 00:04
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Wildermuth Fund due to allegations of violations of federal securities laws, encouraging affected investors to discuss their legal options [2][5]. Group 1: Legal Investigation and Claims - The firm is urging investors who suffered losses in the Wildermuth Fund between November 1, 2020, and June 29, 2023, to contact them for legal discussions [1]. - A federal securities class action has been filed against Wildermuth Fund, with a deadline of December 29, 2025, for investors to seek the role of lead plaintiff [2]. - The complaint alleges that the Fund and its executives made false or misleading statements and failed to disclose critical information regarding the Fund's investments [5]. Group 2: Fund Performance and Management Changes - On June 29, 2023, the Fund's Board approved a liquidation plan based on the adviser's recommendation, despite reassurances about the underlying investments [6]. - Daniel and Carol Wildermuth resigned from their positions on November 1, 2023, and the agreement with the previous adviser was terminated, with BW Asset Management Ltd. appointed as the new investment adviser [7]. - By October 2024, the value of the Fund's investments had decreased by 63.6% compared to March 2022, and the net asset value (NAV) had declined by 73.7% [8].
The China Fund, Inc. Announces Results of Special Meeting of Stockholders: Proposal to Liquidate and Dissolve the Fund is Approved
Prnewswire· 2025-10-21 21:45
Core Points - The China Fund, Inc. has announced the approval of its liquidation and dissolution plan by stockholders during a special meeting held on October 21, 2025 [1] - The Fund will liquidate its portfolio and distribute cash to stockholders, ceasing normal business activities except for winding up its affairs [2] - The transfer agent will close the books on shares on October 29, 2025, with the last day of trading expected to be the same date [3] Distribution and Tax Implications - The Fund plans to make a primary distribution of liquidation proceeds to stockholders on October 31, 2025, after determining stockholder interests based on holdings as of the Determination Date [3][4] - Liquidation proceeds will equal the Fund's net asset value after settling all charges, taxes, expenses, and liabilities [4] - Liquidation will generally be a taxable event for stockholders, who may realize capital gains or losses based on the difference between distributions received and their adjusted basis in the Fund shares [5][6] Trading and Market Impact - Stockholders can sell their shares in the secondary market until the market close on the Determination Date, but trading will cease thereafter [6] - The Fund's shares will no longer be actively traded post-Determination Date, and there is no assurance of a market for buying or selling shares afterward [6][7]
The China Fund, Inc. Additional Details Regarding Special Meeting of Fund Stockholders to Approve Plan of Liquidation - CHINA FUND (NYSE:CHN)
Benzinga· 2025-10-06 20:31
Core Points - The China Fund, Inc. has scheduled a Special Meeting for stockholders on October 21, 2025, to approve a plan for liquidation and dissolution of the Fund [1] - A proxy statement detailing the proposed liquidation will be mailed to stockholders around October 9, 2025, and is also available on the SEC website [2] - If approved, the Fund plans to distribute liquidation proceeds to stockholders in cash payments after the Special Meeting [3] Group 1 - The Special Meeting will be held virtually at 11:00 a.m. (Eastern time) [1] - The Board of Directors has already approved the liquidation plan and recommends stockholders vote in favor [1] - The record date for stockholders entitled to vote is set for September 26, 2025 [2] Group 2 - The Fund expects to provide further details regarding the liquidation process after the Special Meeting [3] - The liquidation proceeds will be distributed in complete cancellation of all outstanding shares [3]
The China Fund, Inc. Additional Details Regarding Special Meeting of Fund Stockholders to Approve Plan of Liquidation
Prnewswire· 2025-10-06 20:31
Core Points - The China Fund, Inc. has scheduled a Special Meeting for stockholders on October 21, 2025, to approve a plan for liquidation and dissolution of the Fund [1] - A proxy statement detailing the proposed liquidation will be mailed to stockholders around October 9, 2025, and is also available on the SEC website [2] - If approved, the Fund plans to distribute liquidation proceeds to stockholders in cash payments following the Special Meeting [3] Group 1 - The Special Meeting will be held virtually at 11:00 a.m. (Eastern time) [1] - The Board of Directors has already approved the liquidation plan and recommends stockholders vote in favor [1] - The record date for stockholders entitled to vote is set for September 26, 2025 [2] Group 2 - Stockholders are advised to read the proxy statement for important information regarding the liquidation [2] - The Fund expects to provide further details about the liquidation process after the Special Meeting [3] - The Fund is managed by Matthews International Capital Management, LLC [5]