BFS to offer no zero rollover

BFS Equity Income & Bond is not going to offer short-dated zero holders a rollover option when the share class expires on 14 January. The split-capital trust also has a class of longer-dated zeros which wind up in 2006. The shorter-dated zeros were taken into the capital structure of the trust after the takeover of the Environmental Investment Company, an offshore split capital trust, in November 1998. These zeros are run by a subsidiary of the trust, BFS Equity Income & Bond Trust (Jersey) Limited (BEIB Jersey). Its directors are now required to convene an EGM to be held on 14 Janu...