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GUERNSEY - BH Macro (BCBA:BMAm) Limited, a Guernsey-based investment company, announced the outcome of its US Dollar class closure meeting, where shareholders voted against the resolution to close the US Dollar share class. The proposal, detailed in a circular to shareholders dated January 29, 2025, was defeated with 99.86% of votes cast opposing the closure.
A total of 8,141,789 votes were cast, with 8,130,025 against and only 11,764 in favor of the resolution, representing nearly 30% of the US Dollar shares in issue. The votes at the Class Closure Meeting were all proxy votes submitted in advance.
Following this decision, BH Macro Limited also stated that the conversion facility allowing shareholders to convert between the US Dollar and Sterling share classes will be reinstated from the March 2025 month-end conversion date.
The company has clarified that all votes were determined by proxy, and a withheld vote is not legally considered a vote, thus not counted in the final tally of votes for or against the proposed resolution.
This decision allows shareholders of BH Macro Limited to maintain their investments in the US Dollar class shares and provides them with the continued flexibility to convert between share classes at the end of March 2025.
The information provided in this article is based on a press release statement from BH Macro Limited.
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