Image:
The current fixed term structure will change to provide all shareholders with a five-year tender offer
The board of the Polar Capital Global Financials trust intends to reduce the management fee on the vehicle as it announces plans to extend the life of the investment trust past the original fixed seven-year term.
Under the proposals, the current fixed term structure will change to provide all shareholders with a five-year tender offer, and the existing commitment to wind up the company by 31 May will be deleted...
To continue reading this article...
Join Investment week
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
