Activist attempt to block DSM wind-down voted against by independent adviser
Assessment comes less than two weeks before a requisitioned general meeting to vote on the proposed plans
Assessment comes less than two weeks before a requisitioned general meeting to vote on the proposed plans
JTC Groups’ Simon Gordon explains how the renewables trust sector is showing signs of recovery
She said the trust sector had lost out on ‘£30bn and counting’ through the ‘glitch’ of cost disclosure rules for investment trusts
Strong returns from UK equities had investors buying trusts again in the first half of the year
The investment trust sector is increasingly willing to take difficult choices to deliver shareholder value
Trust has used 70% of its existing buyback authority since 23 January this year
Shares soared 50.5% over the past year, but more than half its assets were concentrated in 10 stocks
Size of the trust may be too small for some investors once its £114.6m debt has been paid down, the board said
99.97% of votes cast were in favour of the deal
AIC chief executive Richard Stone says resolving the issue of double-counting could be an early win for the new government
The trust is spending £40m a week on buybacks, following £311 payout to halve ‘uncomfortable’ stake held by Elliott
Monks share price return for the year to 30 April matches FTSE World Index at 19.1%