The £332.1m Ruffer investment company has announced a tap issue of 100,000 redeemable participating preference shares of £0.01 each, at a price of 216p per share.
Data shows closed-ended stronger over five years
Ceremony to be held in November
Cash levels increased
Nick Sketch, senior investment director at Investec Wealth & Investment, looks at how some trusts with under or 'conservatively' valued assets could hold the best return opportunities.
Canaccord Genuity has recommended a number of closed-ended vehicles which investors should reconsider, including a handful still sitting on a premium.
The Mid Wynd International investment trust has bounced back, after switching management from Baillie Gifford to Artemis last year, with total net assets up 28% to £80.8m over the year to June 2015.
FE Trustnet's Joshua Ausden asks whether discount control mechanisms (DCMs) are really all they are cracked up to be.
Improving corporate governance adds to appeal