Castlestone is to wind up its listed funds business, consisting of four portfolios, three of which were suspended earlier this year.
At a meeting on 9 August, the company directors decided to terminate the funds and liquidate the company by way of a member's voluntary winding-up. The group said the funds' net asset value is below the minimum viable amount, so it believes it is in shareholders' best interests to terminate the funds. The affected funds are the Aliquot Commodity, Aliquot Agriculture, Intelligent Portfolio Asset Allocation, and Aliquot Precious Metals funds, which will close on 11 August. In a statement the group said: "In order to facilitate the orderly realisation of the assets of the company and ...
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