Miton UK MicroCap board proposes wind up
Shareholders raised concerns over the size and liquidity of the trust following its 2024 redemption point
Shareholders raised concerns over the size and liquidity of the trust following its 2024 redemption point
Shareholders will be eligible if the trust underperforms its benchmark between 29 November 2024 and 30 November 2028
Investment manager says the trust’s opportunity set is ‘less attractive’ than it has been in the past
Three fund managers on stocks that are whetting their appetite
Decision voted on at JLEN’s AGM on 13 September
Had proposed a capital raising of £110.5m at the end of June to pay back its debt
MPC voted 5-4 in favour of a 25bps cut
Baroness Bowles’s Listed Investment Companies Bill will be heard on 5th September
AIC chief executive Richard Stone says resolving the issue of double-counting could be an early win for the new government
Bidco initially revised its offer for SONG on 3 June
Trust had total borrowings of £131.8m at the end of May
Listing will be the first investment trust launch of the year