Shewan said Fonterra should buy out the fund

Fonterra fund chair John Shewan said returns have been very poor. (Image: BusinessDesk)

Mon, 13 Dec 2021

Fonterra Shareholders' Fund chair John Shewan is again calling for the co-operative to buy out the unitholders because the planned capital restructure has destroyed the fund's purpose."We felt that the reasoning Fonterra set out in support of its new capital structure showed clearly that the key rationale for the fund being set up in the first place back in 2012, being the provision of a stable capital base through the removal of redemption risk, is no longer relevant because, of course, farmers can no longer redeem their shares,&q...

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