The board of the Mobius Investment Trust has approved a tap issuance for the company, which raised £100m in its September Initial Public Offering (IPO), according to portfolio manager Carlos Hardenberg.
Last week, the Mobius Capital Partners co-founder said the decision was part of a "growth strategy" for the trust, which is now trading at a premium of 4.2%, allowing it to issue new shares at a premium...
Countdown to 31 October
Caught in crossfire following Equity Income fund suspension
Liquidated in 2012
OCF of 0.10%