Close deadline extension

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The subscription period for the Close FTSE-100 Income & Growth split capital trust has been extended...

The subscription period for the Close FTSE-100 Income & Growth split capital trust has been extended to 14 December. It was initially due to end last week and Investment Week understands the group has so far raised between £30 to £40m. Close said the main reason behind the move was due to a problem with the distribution of the prospectuses. Marc Gordon, managing director of Close Brothers Investment Management, denied the extension to the offer was due to lack of interest and he hinted that he may limit the size of the split cap. He said: "As a tracker we are not in the position to acti...

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