Momentum Multi-Asset Value proposes wind-up as assets dwindle

Proposed scheme of reconstruction

Valeria Martinez
clock • 2 min read

The board of the Momentum Multi-Asset Value (MAVT) investment trust intends to put forward proposals for the winding up of the company in light of dwindling assets.

In a stock exchange notice today (25 May), the board said that liquidating the company and providing shareholders with an option to roll their investment into another investment vehicle or a cash exit at close to NAV would be in their "best interests".  "Recent market challenges and share buybacks through the operation of the [discount control mechanism] have seen the company reduce in size, to net assets of around £43m, and its ongoing charges ratio increase. This has put the long-term viability of the company in question," the board said. Momentum Multi-Asset Value continues to deli...

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