Bolton China trust set to issue further shares in New Year

Anthony Bolton's Fidelity China Special Situations trust is set to issue new shares to investors in the New Year.

Bolton's trust, which is currently trading at 9.67% premium to NAV, last week said it was considering ways in which the strong demand for the company's shares could be satisfied. The board now intends to increase the number of shares in issue through an open offer of shares, in which priority will be given to shareholders. Fidelity China Special Situations expects the share offer to open in early January next year, subject to the relevant regulatory and shareholder approvals. It is likely to be completed by the end of February 2011. "The continuing interest in the Company's shares ...