Chris Giles is to increase the number of holdings in Exeter Enhanced Income's portfolio from 48 to 5...
Chris Giles is to increase the number of holdings in Exeter Enhanced Income's portfolio from 48 to 55. Giles, the manager of the £75m offshore closed end fund aims to diversify the portfolio at the same time as raising a further £25.9m. This will come through a placing of new ordinary shares and the drawing down of a bank loan facility to diversify the portfolio. He intends to take advantage of the relative cheapness of income shares from split capital investment trusts. Two income shares which Exeter favours are Martin Currie Income & Growth priced at 100p offering a yield of 7.54% and ...
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