The board of the Framlington Income & Capital trust has ruled out a closed-ended successor vehicle o...
The board of the Framlington Income & Capital trust has ruled out a closed-ended successor vehicle on wind up in September, citing insufficient interest. Capital shareholders in the split are due to vote on a continuation in the coming months and chairman Simon Hardy said they are expected to put the trust into liquidation. Income & Capital has existed since 1983 and is currently headed up by Richard Peirson and George Luckraft. Hardy said the board has examined the possibility of a continuation vehicle but there is insufficient interest to make this viable. "We also investigated a ...
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