The trust, which was launched in April 2011 has suggested the move would broaden its investor base and improve market liquidity for shareholders.
The fund was seeded with £50m of in-shore capital, has done two fundraisings since then and subsequently absorbed the Miton Income Opportunities Trust in September 2013.
Outperformance
The trust said it was considering the fundraising due to its shares trading at a 5.1% premium to NAV compared with an average discount for the UK Growth and Income sector of 1.5%, as well as its underlying performance since its IPO. Its current net assets are £271.2m.
A statement said any such fundraising would be expected to reduce the company’s ongoing cost ratio as well as broaden the company’s investor base to improve market liquidity for existing shareholders.
The company is taking legal, tax and financial advice and will make a further announcement in due course.
The latest update from the trust, managers Williams and Martin Turner said they were pleased with the progres of most of their holdings, namely trading platform Plus500, "which once again exceeded market expectations by a sizeable margin" and packaging company Macfarlane.
