A former rollover proposal put to shareholders in the Fleming Income & Capital investment trust faile...
A former rollover proposal put to shareholders in the Fleming Income & Capital investment trust failed last October, but the company is fairly sure its new proposal, announced today, will find favour with enough people to push through the wind-up of the current vehicle. A spokesman on JP Morgan Fleming investment trusts says a meeting with analysts this morning indicated that they felt the new deal on the table was acceptable. The previous proposals failed because holders of zeros were not satisfied with the fact they were being asked to forgo certain returns. Instead, they ar...
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