{"id":10677,"date":"2009-05-27T00:00:00","date_gmt":"2009-05-27T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"steel-partners-forges-ahead-with-fund-conversion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2009\/steel-partners-forges-ahead-with-fund-conversion.html","title":{"rendered":"Steel Partners forges ahead with fund conversion"},"content":{"rendered":"<p>Reuters &#8211; Warren Lichtenstein&#8217;s Steel Partners LLC is forging ahead with a controversial plan to convert its flagship hedge fund, Steel Partners II, into a publicly traded holding company in the face of opposition from shareholders calling for liquidation.       <\/p>\n<p>The New York-based firm told limited partners, in a shareholder letter dated Tuesday, that they have until June 5 to either approve its plan to convert the fund into shares in a listed company, Steel Partners Holdings, or elect to receive a share of the fund&#8217;s assets. Both options will also distribute some cash.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/hedgeFundsNews\/idUSLNE54P02A20090526\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Warren Lichtenstein&#8217;s Steel Partners LLC is forging ahead with a controversial plan to convert its flagship hedge fund, Steel Partners II, into a publicly traded holding company in the face of opposition from shareholders calling for liquidation. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4439,12135,6594,11148,4616,1051,2814,4326,12134,5661,5505,5504],"class_list":["post-10677","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-assets","tag-controversial-plan","tag-flagship","tag-hedge-fund","tag-holding-company","tag-liquidation","tag-opposition","tag-reuters","tag-shareholder-letter","tag-shareholders","tag-steel-partners","tag-warren-lichtenstein"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10677"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10677\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}