Trilogy Capital yesterday reiterated its intention to call a meeting of unit holders of City Pacific Mortgage Fund within the next month in its bid to appoint itself manager of the fund.
Trilogy has been making noises about doing so for more than a month and in the meantime a separate group of activist unit holders has already convened a special meeting of the fund that seeks to halve the management fee to 1.5 per cent.
The City Pacific First Mortgage Fund Unit Holders Action Group, which claims to have 600 members, told the
Sydney Morning Herald it supported Trilogy being installed as manager.
FMF Unit Holders United, which has already called the special meeting, has not made its position clear.