Shareholders of the M&G Recovery Investment Trust have voted overwhelmingly for the board's proposal...
Shareholders of the M&G Recovery Investment Trust have voted overwhelmingly for the board's proposals to roll over the trust into a split-capital vehicle. A majority of the shareholders backed the board's proposals to wind-up the current trust and roll over into a new split cap, investing 70% of assets in UK equities and 30% in a fixed interest portfolio. The trust, managed by Tom Dobell, will comprise 16% bank debt, 35.5% zeros and 45.5% geared ordinary shares.
Joined as head of strategy, multi asset, in June
Group income protection
Nine in 10 do not have income protection
Set to become part of Single Financial Guidance Body