EGM for Dresdner UK trust

The board of the Dresdner RCM Smaller Companies investment trust is to hold an EGM on 10 December in response to a requisition from the Advance UK Trust. The board received the requisition on 1 November, which requested an EGM to consider an ordinary resolution that would require the board to put forward proposals within two months. These would enable shareholders to either continue with their holding in the company or an alternative fund, or receive cash at 100% of formula asset value (FAV). In response to this, the board said that Advance, which owns 10% of the trust, is seeking a sho...