Exeter Investment Group has raised £160m from the placing and offer for subscription of the Innovati...
Exeter Investment Group has raised £160m from the placing and offer for subscription of the Innovative Umbrella Investment Trust, the rollover vehicle for Exeter Preferred Capital.
More than 76% of existing shareholders from the old Exeter Preferred Capital Trust have elected to roll their assets into the new investment trust, attracting £54.4m in additional funds from new investors.
Exeter took £45.6m into the progressive growth share pot, £72m into the dynamic growth share pot, and £42.6m into the dividend growth share pot.
Less than 24% of shareholders, by value, have opted for the Exiting Class.
They will be repaid their investments in cash on 31 January 2002.
Dealings in the new shares started on 29th March 2001.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till