Average investment trust discount widens despite record share buybacks
A record 10 mergers occurred in 2024 while five trusts were liquidated
Chrysalis Investments
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Chrysalis board urges shareholders to vote for continuation ahead of EGM
Trust faces its first continuation vote since IPO at AGM in March
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Tech funds tops returns in ‘risk-takers’ November
Growth strategies, including Baillie Gifford American, enjoyed a strong month for returns
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‘Cutting away the fat’: Investment trust selectors ‘applaud’ decision of Chrysalis’s board
Chair Andrew Haining told Portfolio Adviser that the move provides ‘a better structure’ to shareholders
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Chrysalis to leave Jupiter and poach managers to create new entity
Investment company is currently trading on a 49.6% discount to net asset value
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Chrysalis NAV slides further as board offers wind-up to shareholders
Falling valuations continue to harm the growth-orientated trust
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Jupiter snubs unquoteds as it ditches Starling
Meanwhile Chrysalis has forked out £20m to increase its stake in the bank
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Signs of life at Chrysalis after 2022 to forget
NAV was down 13% in its fourth quarter, but the trust has perked up since
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Chrysalis vindicated for ditching Revolution Beauty at hefty discount?
Shares in the firm were suspended in September, with the trust selling out at a 90% loss in November
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Chrysalis slashes manager fees after hefty January pay out
Trust has agreed to lower the overall fee to 12.5% of adjusted NAV above a high-water mark
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Chrysalis ditches stake in struggling Revolution at nearly 90% loss
In just over a year the value of the investment had plummeted to £5m
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Woes continue for Chrysalis as Starling keeps heading south
NAV has fallen more than 40% in a year