Unit trust holders to vote on Nakumatt investment

Asset manager Amana Capital will hold its annual shareholder meeting on September 25, with unit trust holders who lost money in collapsed retailer Nakumatt’s commercial paper being given the option of taking up an equity stake in the fund as compensation.

The meeting, according to a notice, will seek the nod of the unitholders on a new roadmap over resolution of investor losses tied to the commercial paper, with three options on the table.