Oxford rollover adds £94.7m for Guinness

Guinness Flight Geared Income & Growth Trust (GFGIGT) has increased in size by £94.7m as a consequen...

Guinness Flight Geared Income & Growth Trust (GFGIGT) has increased in size by £94.7m as a consequence of City of Oxford shareholders rolling over into it. The £154m trust is now one of the largest split capital vehicles in the industry Some 47.5% of the original trust's zero dividend preference shareholders and 70.2% of ordinary shareholders elected to roll their investments into GFGIGT rather than take a cash exit out of City of Oxford on wind up In addition HSBC, the brokers to the trusts, have carried out a placing of GFGIGT shares to ensure the Oxford trust's capital structure was re...