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> Should index funds not vote on whether index funds should receive dividends or not? That's not the kind of question shareholders vote on. I doubt it would ev

• benj111 7y ago
  Well if passive investors aren't going to vote, you can bet active investors are going to suggest things that disadvantage them. You're right, something so blatant probably isn't allowed, but offering cheap convertible bonds, which passives won't buy, convertible to preferential shares that can pay different dividends. That's plausible, as are 1000 other things. I don't want to do a Godwin, but if you don't vote, someone else will still vote for Hitler, and genocide isn't the type of question citizens vote on.