Inv Perp to put Japanese IT closure plans to shareholder vote

Invesco Perpetual has confirmed plans for the wind up of its Japanese Investment Trust. Shareholde...

Invesco Perpetual has confirmed plans for the wind up of its Japanese Investment Trust. Shareholders will have the option to cash in their shares, roll them over into the group’s open-ended Japan fund, managed by Paul Chesson, or do a combination of both. The proposals will be put to shareholders at EGMs on 3 and 12 December. They must approve by a 75% majority for the plans to go through. This timescale will allow investors to benefit from underlying companies’ dividend payouts which are due in November and December. The group said the final value of shares cashed in will be lower t...