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Beleaguered trust also revealed rent collection had fallen to 13.1%
Beleaguered trust also revealed rent collection had fallen to 13.1%
Investment firm criticised the trust’s board for a lack of engagement in due diligence process
Board expects to progress with an investment adviser appointment in the coming weeks
As talks with Bluestar remain ongoing
Lotus Sanctuary and Gen Liv UK make up 18.2% of the trust’s rent roll
Embattled trust’s board reached out to the asset manager for help with their plight
‘It is clear there have been serious shortcomings in the operations and governance’ says Liontrust, one of its biggest backers
Law firm seeking compensation on behalf of trust’s shareholders
Trust received £3.4m out of expected £14.8m for three months to 30 November 2022
Or will the returns now on offer from cash prove too tempting for investors seeking some safety?
It will be removed from its indexes if shares remain suspended beyond the end of February
One of the trust’s main tenants, Lotus Sanctuary, has not paid since August