Shareholders of Mark Mobius' £1.98bn Templeton Emerging Markets investment trust (TEMIT) will be abl...
Shareholders of Mark Mobius’ £1.98bn Templeton Emerging Markets investment trust (TEMIT) will be able to convert a proportion of their shares to tracker stock units linked to the MSCI Emerging Markets index. Under proposals unveiled by TEMIT’s board this morning, shareholders can convert up to a quarter of their shares to geared loan stock, which can been redeemed over a four-year period. The board said the introduction of this redeemable tracker stock will allow the trust to return capital to shareholders. The trust board has also pledged to make greater use of share buyback powers t...
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