Gartmore Opportunities split NAV falls to zero

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The NAV of the Gartmore Split Capital Opportunities Trust's (GSCOT) ordinary shares fell to nil on 2...

The NAV of the Gartmore Split Capital Opportunities Trust's (GSCOT) ordinary shares fell to nil on 21 December 2001. The drop was due to prolonged falls in the market prices of its investments in other investment trusts, combined with its own structural gearing, the company said. The board of the trust, with its advisers, is actively considering steps to ensure the company's dividend-paying ability, with a view to putting proposals to shareholders at an EGM yet to be called. Any proposals put forward would, the board said, be likely to require the approval of both zero and capital sh...

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