Split-caps head to court for liquidation petition

Two split capital investment trusts are to go to court to seek liquidation. The trustees of BC Income & Growth, managed by Bournemouth-based BC Asset Management (BCAM), will petition the Guernsey courts to call the liquidators in. At the same time, the trustees of Framlington Health & Income are to seek court approval for liquidation. BC Income & Growth has ordinary shares and zeros, with net asset values of zero and 12.7p respectively on 4 July when trading was suspended. The trust was invested in the shares of other split capital trusts including such vehicles as Aberdeen Prefer...