The board of the American Opportunity Trust is to restructure and widen its investment mandate, posi...
The board of the American Opportunity Trust is to restructure and widen its investment mandate, positioning itself more in high-yielding debt. The proposals, which will be voted on at the trust's EGM on 13 June, include altering the investment policy, increasing borrowings, extending the trust's life, increasing management fees and adopting new articles of association. The current investment objective of the company is to provide investors with a high rate of capital growth by investing the majority of the trust in stub equities and unquoted debt. Despite the short-term outlook for th...
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