Zero Preference investigates life beyond wind-up

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The Board of the Zero Preference Growth Trust is investigating several restructuring possibilities t...

The Board of the Zero Preference Growth Trust is investigating several restructuring possibilities to extend its life beyond the 9 August 2008 termination date. If none of these are successful, the directors said a wind-up should not have any material impact on the stated assets and liabilities. At the vehicle's year end, the full entitlement of the zeros was covered by the equity assets. At the same date, the Ordinary units stood at 0.83% premium to Nav, compared with a discount of 0.57% at the beginning of the year. Over the 12 months to end July, the trust's equity assets increased by...

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