Chrysalis Investments (CHRY) has set out proposals to change its capital allocation policy and performance fee, following an agreement with Jupiter, the trust's investment manager.
In a stock exchange notice today (13 October), the trust said it would consult with shareholders on the changes "shortly", while also encouraging them to express their broader views on the trust ahead of its continuation vote at next year's annual general meeting. The proposed capital allocation policy will be based on three themes, Chrysalis explained. The trust will aim to maintain a "prudent cash reserve", with the board and portfolio manager agreeing on £50m - around 6% of net asset value - as the appropriate amount. Chrysalis NAV grows for second consecutive quarter Following ...
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