How to shake up an unlisted property fund
ANALYSIS: In a knife-edge ballot, shareholders at Provincia have voted for change.
Shareholders at a special meeting voted for changes to the board at Provincia.
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A minor drama played out in Auckland this week as shareholders in an unlisted property fund voted at an extraordinary general meeting called by an activist investor.
It was a close-run thing. One director narrowly survived a resolution to remove him by 50.2% versus 49.8%, while another narrowly
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