Acorn Income board U-turns on BMO GAM appointment amid 'more suitable' alternatives

Board accused of 'failure to consult significant shareholders'

Mike Sheen
clock • 2 min read

The board of the Acorn Income investment trust has reversed its decision to appoint BMO Global Asset Management as its new portfolio manager after receiving “further interest” from other “more suitable" proposals, as well as “shareholder feedback”.

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