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.
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress