Are the Board independent at SGEM?30 Dec 2021 11:33
Are the board running this Trust for the benefit of shareholders or the management? It's a fair question.
SGEM can't seem to escape its tiny size, poor performance and huge discount. Frankly my patience is exhausted. The trust should be put out of its misery and wound up so that we, the shareholders, get our money back at close to NAV, rather than carrying on like this. The board appear keen not to deprive their Stewart Investors mates from receiving the juicy 1% management fee.
Picked a lemon here.