HMC 300323.pdf
I actually think this is good for HMC holders. HCW... not so sure.
FUM target has been brought forward and whilst the cap raise is circa 10% dilutive, it's still well above NTA so I can kind of understand the logic.
I'm not sure I like the way HMC treats it's listed funds (HCW and HDN). It kind of uses them as a FUM machine.
I'll maintain my previous valuation for now.