Pacific Assets trust proposes gearing policy change as it eyes more retail investors

Up to 10%

clock • 2 min read
Stewart Investors, manager of the trust, has been sceptical of Chinese intervention
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Stewart Investors, manager of the trust, has been sceptical of Chinese intervention

The board of the £430.8m Pacific Assets trust is asking shareholders to approve the use of gearing of up to 10% at the upcoming AGM.

In the annual report, chair James Williams stated that this had come about because of a "change in the AIFMD status of the company, enabling it to incur borrowing, when previously this was not permissible"....

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