Wildermuth Fund (WESFX, WEFCX, WEIFX) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
Wildermuth Fund (WESFX, WEFCX, WEIFX) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of the Wildermuth Fund (“Wildermuth” or the “Fund”) (NASDAQ: WESFX, WEFCX, WEIFX) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN WILDERMUTH FUND (WESFX, WEFCX, WEIFX), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
The Wildermuth Fund (the “Fund”) was a mutual fund which purported to provide investors access to a diversified portfolio of asset classes, including private equity. Wildermuth Advisory, LLC (the “Adviser”) served as the Fund’s investment adviser.
On June 29, 2023, the Fund announced that, based upon the recommendation of the Adviser, the Board of Trustees had approved a plan of liquidation for the Fund.
On November 1, 2023, as part of liquidation, the Board replaced the Advisor with a new investment advisor.
Following this replacement, the new investment advisor undertook a review of the Fund’s assets. It determined that the fair values of several of the Fund’s investments were significantly lower than previously calculated.
By 2024, the Company’s net asset value was revised to less than $2.00 per share, an 80% reduction from its prior levels.
Contact Us To Participate or Learn More:
If you purchased Wildermuth securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com