Liontrust set to close illiquid Winners trust

Liontrust is looking to close its Liontrust Winners investment trust and replace it with an offshore open-ended successor vehicle. The trust's board has proposed a members voluntary liquidation due to concerns about the illiquidity of Winners' shares and poor market sentiment contributing to its prolonged 20% plus discount to NAV. The UK Alpha fund, which will be Liontrust's sixth offshore vehicle, launches within the next two months. This is around the same time as the trust's EGM, which is being called in light of the board's recommendation. The new fund will be managed by Will Pa...