Liontrust seeks approval to unitise Knowledge Economy

Liontrust is seeking shareholder approval to unitise Anthony Cross's Liontrust Knowledge Economy investment trust. This would involve a voluntary liquidation of the smaller-companies trust with shareholders transferring their assets into the Liontrust Intellectual Capital unit trust also managed by Cross, using the same investment process. Jonathan Harbottle, marketing director at Liontrust, said that when the trust launched two years ago, its prospectus stated that if its discount to NAV stood at 15% or more for a continuous three-month period one year after its launch, it would ta...