Can smaller trusts survive without consolidation?
The trust sector has seen increased M&A in recent times, while investors have highlighted concerns over illiquid, sub-scale funds
The trust sector has seen increased M&A in recent times, while investors have highlighted concerns over illiquid, sub-scale funds
AERI board exploring a range of initiatives to address ‘issues facing the sector’
The wide discounts and high yields on many trusts give significant margin for error
Ahead of looming continuation vote
The trusts have seen a considerable bounce over the last three months
Its three listings are considering alternatives
Circular to shareholders expected to be published in September