LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces an investigation of the Wildermuth Fund (“Wildermuth” or the “Fund”) (NASDAQ: WESFX, WEFCX, WEIFX) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON WILDERMUTH FUND (WESFX, WEFCX, WEIFX), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is the Investigation About?
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:
The Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, California 90067
Call us at: 310-914-5007
Email us at: [email protected]
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz
310-914-5007
[email protected]
www.frankcruzlaw.com
