Warrants delays windup

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By Adam Lewis Scottish Value Trust (SVT) and Warrants & Value Investment Trust (WVIT) are to be m...

By Adam Lewis Scottish Value Trust (SVT) and Warrants & Value Investment Trust (WVIT) are to be merged following approval at a recent SVT EGM, although the close vote by WVIT shareholders has delayed its windup. As of 27 March, 89.93% of WVIT's shareholders had agreed to accept the offer but officially 90% are needed for the windup to go ahead, so the period has been extended to 4 April. However, Donald Robertson, lead investment manager at WVIT, is confident the merger will go through. Robertson said that with the size of the warrant universe WVIT can invest in decreasing, falli...

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