Third Point Investors shareholders clash over 'persistent and entrenched' discount

AVI calls for EGM and raises regulatory questions

Mike Sheen
clock • 4 min read
Third Point Investors shareholders clash over 'persistent and entrenched' discount

Asset Value Investors (AVI) and three other shareholders, representing over 17% of Third Point Investors’ (TPIL) ordinary shares and 10% of voting rights, have called for an emergency general meeting to instigate a new investment policy aimed at fixing the trust’s “persistent and entrenched trading discount to NAV”.

The calls come amid a clash between AVI and TPIL's board over concerns regarding the trust's dual share class structure, which the asset manager believes creates issues around conflicts of interest and...

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