Nick Greenwood, head of investment trusts at broker Christows, is warning that share prices across t...
Nick Greenwood, head of investment trusts at broker Christows, is warning that share prices across the split capital investment trust sector have gone off a cliff since mid-February and now threaten the covenants in place between many such trusts and their bankers. According to a selection of 10 shares from the sector, including ordinary and zero dividend preference shares, prices have dropped by up to 70% in some cases just in the past few weeks. Greenwood says there are a number of factors explaining this trend. "At this time of the year, there are plenty of retail inves...
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