BEST VC fund shareholders to consider liquidity options

Another labour-sponsored venture capital fund is about to bite the dust with the announcement of a special meeting for shareholders of the Business, Engineering, Science & Technology Discoveries Fund Inc (BEST). At the June 24 meeting, shareholders will be presented with a number of liquidity options for fund shares. Redemption and subscriptions of fund shares were suspended due to the fund's precarious liquidity situation, market conditions and anticipated massive redemption of shares....