Not your typical investment vehicle.
From their latest MD&A : "It should be noted that due to income tax considerations, we’ve made the difficult decision to no longer actively trade the portfolio. While active trading was a huge boon to our returns previously, we believe that the tax consequences of earning profits from trading don’t outweigh any benefits that we’ll receive from trading the portfolio. Therefore, it’s likely that overall returns will be dictated primarily by the returns of our existing portfolio. This was a difficult decision as active trading has been so accretive, but the math is the math"
Hey, thanks for the note. Is there any timeframe on ticking clock / returning capital to shareholders ? And if so, in what shape (do you think) the roc will be ? Buybacks/ Div ? Thanks. Also, the KEDM business is unlikely to wind up (any time soon anyway), so would this be a stub left after the Mongolian properties / OIL/U equities are sold ?