FSF Management Company offers no reassurance about unit price

FSF Management Company offers no reassurance about unit price
Fonterra is consulting farmers on a new capital structure that would see the fund either capped or killed. (Source: Fonterra)
Rebecca Howard
FSF Management Company, the manager of the Fonterra Shareholders’ Fund (FSF), said it can’t provide unitholders any assurance about the price or liquidity of trading in the fund.Both the traded price of shares in Fonterra and the traded price of units in the fund have "dropped materially" since Fonterra’s consultation announcement, and “trading continues to be volatile,” it said in an update for unitholders.Fonterra is currently consulting farmers on a new capital structure that would see the fund either...

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