Seljim Investments is a Boston-based investment firm that recently announced the closure of its CGM Funds. The decision to terminate and liquidate each of the funds was made by the firm's investment adviser, Capital Growth Management Limited Partnership. Shareholders will receive redemption proceeds or a liquidation distribution based on the net asset value of their shares, and the closure may result in taxable events for shareholders subject to federal income tax.
As of November 30, 2022, the CGM Funds will cease operations and no longer accept new purchases. Shareholders are advised to consult a personal tax adviser for guidance on the tax implications of the liquidation and any associated distributions. The firm's shareholder services can be contacted for further information or assistance.
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