Rebels welcome engagement from Strategic Equity Capital trust board

Overall shareholder base voted to maintain £201m trust

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Shareholders Ian Armitage and Jonathan Morgan recently complained about how the portfolio was being managed
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Shareholders Ian Armitage and Jonathan Morgan recently complained about how the portfolio was being managed

Two shareholder rebels have welcomed engagement from the board of the Strategic Equity Capital (SEC) trust, with directors acknowledging their concerns.

Shareholders Ian Armitage and Jonathan Morgan, who together hold a 7.7% stake in the £201m trust, have publicly complained against how the portfolio was being managed and its sustained NAV discount...

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