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

Mon, 28 Jun 2021

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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