Liquidation: Wildermuth Fund

Form Type: N-CSR

Filing Date: 2025-01-14

Corporate Action: Liquidation

Type: Update

Accession Number: 000121390025003327

Filing Summary: The Wildermuth Fund presents its annual report covering the period from April 1, 2023, to March 31, 2024. Significant operational changes have occurred, including the approval of a Plan of Liquidation by the Board in June 2023. The Fund's prior investment adviser resigned, and BW Asset Management Ltd. has been appointed as the interim investment adviser effective November 1, 2023. The special meeting held on February 29, 2024, resulted in shareholder approval for BWAM's appointment effective March 1, 2024. The Plan of Liquidation aims to maximize shareholder value through a careful realization of the Fund’s investments, which predominantly consist of minority equity positions in early-stage private companies. The report acknowledges various challenges, such as liquidity issues and portfolio companies not meeting their objectives, leading to downward revisions in investment valuations. Despite suspensions on repurchases, the Fund plans to make periodic distributions as funds become available, with potential delays extending into late 2025 or beyond for any distributions. The report also addresses delays in the filing process due to changes in fund administration and challenges in gathering necessary information for the audit.

Form Type: 497

Filing Date: 2025-01-06

Corporate Action: Liquidation

Type: Update

Accession Number: 000121390025001189

Filing Summary: The Wildermuth Fund is currently in liquidation as per a Plan adopted by its Board of Trustees. Since June 22, 2023, the Fund has suspended sales of its shares and suspended quarterly repurchase offers until the final distribution of its assets as outlined in the Plan. The Fund is required to include unaudited financial statements for the period ending September 30, 2024, in its semi-annual report, but as of now, these statements are incomplete, leading to a request filed under Rule 8b-25 of the Investment Company Act of 1940 with the SEC for additional time to complete the relevant audits and filings. The Fund will not make any distributions under the Plan until its fiscal year audit for the year ending March 31, 2024, along with the unaudited statements for September 30, 2024, are completed and filed with the SEC. Furthermore, effective November 1, 2024, the Fund changed its administrator from PKF O’Connor Davies, LLP to M3Sixty Administration, LLC, which will provide administrative and accounting services.

Form Type: 40-8B25

Filing Date: 2025-01-02

Corporate Action: Liquidation

Type: New

Accession Number: 000121390025000323

Filing Summary: Wildermuth Fund filed an application for an extension of time regarding the submission of their unaudited semi-annual financial statements for the period ended September 30, 2024. The Registrant indicated a delay due to the transition to a new administrator and ongoing preparations of their annual report. They notified that it is impractical to submit required reports by their deadlines and have requested extensions until January 28, 2025, for Form N-CSRS and February 3, 2025, for Form N-CENS. Moreover, the Fund is currently in liquidation under a Plan adopted by its Board of Trustees, which includes the suspension of sales and repurchase offers until a final distribution. It is emphasized that no final distribution will occur until the relevant financial statements are completed and filed with the SEC, and appropriate disclosures will be made on their website and in their prospectus.